MMG Equity Partners To Develop 36,000 SF Of Retail, 7 Outparcels Within 70-Acre Master Planned Community
Asking rents range from $65 to $70 per square foot. Leasing is being led by Ed Schmidt and Robert Eckstein of NAI Miami/Ft. Lauderdale.
Asking rents range from $65 to $70 per square foot. Leasing is being led by Ed Schmidt and Robert Eckstein of NAI Miami/Ft. Lauderdale.
The four properties total 127,826 square feet and were purchased between 2018 and 2020 for a combined total of $28,900,000.
Atlantic Retail oversaw the leasing on behalf of both firms.
This development is part of a strategic expansion of MMG’s portfolio into the residential sector. Widely regarded for its success in retail real estate, MMG is leveraging its expertise to create environments that seamlessly integrate commercial and residential uses.
The property consists of 35,850 square feet of retail space along University Drive, plus 19,680 square feet of office suites tucked behind the shopping center.
Marcos Puente of Colliers International represented both the buyer and the seller in the transaction. CLICK ON THE HEADLINE FOR MORE
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