MMG Equity Partners, Mouhalis Capital Management Complete Strada Coconut Creek $25M Redevelopment

MMG Equity Partners, in partnership with Mouhalis Capital Management, announcde the completion of its redevelopment of Strada Coconut Creek, a 7.11-acre neighborhood center located at 1019 Lyons Rd. The revitalized center has received its Certificate of Occupancy from the City of Coconut Creek, signaling the successful delivery of a dynamic new retail destination for the community.

Acquired by MMG Equity Partners and Mouhalis Capital Management in October 2022 for $7 million, the firms launched a $25 million redevelopment program aimed at modernizing the site and enhancing its long-term value. The newly constructed buildings include the following tenants:

• Sprouts Farmers Market – 23,000 SF
• Sentry Self-Storage – 125,000 SF
• Conviva Care Center – 10,000 SF
• Cali Coffee – 1,500 SF drive-thru

Atlantic Retail oversaw the leasing on behalf of both firms.

MMG Equity Partners and Mouhalis Capital Management have since sold the Conviva parcel for $7 million and the pad slated for a Sentry Self-Storage facility for $4 million.

Strategically positioned at a signalized corner on the southwest corner of Coconut Creek Parkway and Lyons Road, the center benefits from significant visibility and accessibility, with a traffic count of 33,200 cars per day. Strada Coconut Creek offers convenient access to major thoroughfares and will serve the surrounding residential neighborhoods.

“This center reflects our ongoing commitment to delivering high-quality retail environments, with a mix of uses that meet the evolving needs of today’s consumers,” stated Marcos Puente, principal of acquisitions and development, MMG Equity Partners. “We’re especially excited to welcome Sprouts and Cali Coffee—two brands that share our vision for community-driven retail. Their presence will help anchor a vibrant tenant mix that caters to both daily essentials and lifestyle-oriented offerings.”