Stockbridge Capital Group has bought the Bridges at Kendall Place on behalf of a pension fund for $52.7 million. The 228-unit luxury apartment community is situated on 15.81 acres at 8485 Hammocks Blvd. in the Kendall neighborhood of western Miami. Trading for $231,140 per unit, the community features include a swimming pool and sundeck, fitness and business center as well as access to an adjoining park with lakes and walking trails. Holliday Fenoglio Fowler represented both the seller, Atlanta-based Jamestown, and the buyer. HFF secured a 10-year, 3.45 percent, fixed-rate acquisition loan through Prudential Mortgage Capital Company for the new owner. Completed in October 2012, the 244,236 square-foot property has seven, three-story residential buildings with a total of 342 parking spaces.
