MIAMI—You've got to be nimble in a shifting market—and that's Rialto Capital Management's story. With residential foreclosure activity waning, one of the most active purchasers of distressed homes during the Great Recession is turning its attention to maximizing the value of retail assets.

With that strategy in mind, Rialto just tapped CREC to lease its West Sunset Square shopping center. The 82,789-square-foot shopping center sits at intersection of Sunset Drive (Southwest 72nd Street) and Southwest 157 Avenue in Miami's West Kendall submarket.

“If there was ever a case of retail demand following booming residential growth, this is it,” says Steven Henenfeld, director of retail leasing for CREC. Henenfeld and Ruben Suarez, a senior leasing associate at CREC, are leasing and marketing West Sunset Square on behalf of Rialto. “West Sunset Square is catering to West Kendall's dense population, with more than 180,000 people residing within three miles of the property.”