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MIAMI—MMG Equity Partners has acquired two value-add strip centers in Miami-Dade County for a combined $12.7 million. Naranja Plaza, located at 27000-27100 S Dixie Hwy, Naranja was purchased for $7.1 million or $139 per square foot in an off-market transaction. Westlake Plaza is located on Bird Rd. and 109th Ave. was purchased for $5.6 million or $128 per square foot. Amerant Bank provided acquisition loans for both totaling $9.5 million including a future advance for construction.

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