MIAMI, March 14, 2017 – Orion Real Estate Group, a South Florida-based commercial brokerage, has completed five transactions in the last 30 days.
In addition to selling the previously announced Kendall Corners property for more than $38 million, the firm sold a $78 million portfolio of Red Lobster restaurants in Canada on March 13 and closed on the $16.5 million sale of Kendall Pointe shopping center in West Kendall. Kendall Corners was purchased for $31 million in 2013.
On the purchase side, the firm acquired a portfolio of Sonic restaurants in Wisconsin and Illinois.
“These transactions are the culmination of our team’s work in identifying undervalued locations, conducting due diligence and making upgrades to stabilize properties in the portfolio,” said Joe Sanz, CEO of Orion Real Estate Group.
Orion’s deal-making pace shows few signs of slowing with a number of acquisitions and dispositions in the pipeline expected to close in late March and April.
About Orion Real Estate Group
Orion Real Estate Group provides commercial real estate services to investment clients around the world. Since its founding in 1978, the firm has been involved in more than $2.5 billion in transactions. Working with clients across the United States, the firm helps clients and their investors through all phases of real estate transactions from strategic planning and analysis to financing, negotiation and disposition. For more information visit www.orionmiami.com.