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A rendering of the improved Pinecrest Shoppes. A rendering of the improved Pinecrest Shoppes.

PINECREST, FL—Real estate investment firm MMG Equity Partners has expanded its retail portfolio with the purchase of the nearly 15,000-square-foot Pinecrest Shoppes here.

An affiliate of the Miami-based firm purchased the 14,558-square-foot shopping center on South Dixie Highway for $6.23 million or approximately $425-a-square-foot from Penn Suniland, LLC. The property was acquired by Penn Suniland in 2007 for $6.85 million.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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