Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Photo of Miami by Shutterstock.

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.

Dig Deeper

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.