(Crystal Proenza is associate editor of Real EstateFlorida.)
MIAMI-Locally based MMG Equity Partners has acquired Town &Country Plaza, a 94,816-sf shopping center in Kendall for $22.5million. The firm utilized a $10-million bridge loan from WachoviaBank and its own equity in the deal with seller Town & CountryPlaza Inc.
"The shopping center perfectly fits the profile of shoppingcenters that MMG is focused on acquiring in South Florida," saysGabriel Navarro, principal with MMG. "It sits at the most heavilytrafficked intersection of a strong trade area, benefits fromstrong anchor sales and traffic, and in our opinion has a strongupside potential."
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