{"id":1004395367,"date":"2020-02-27T05:07:03","date_gmt":"2020-02-27T13:07:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004395367"},"modified":"2020-02-27T05:07:03","modified_gmt":"2020-02-27T13:07:03","slug":"mmg-equity-sells-south-miami-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mmg-equity-sells-south-miami-shopping-center\/","title":{"rendered":"MMG Equity Sells South Miami Shopping Center"},"content":{"rendered":"
\"Crystal<\/a>

Crystal Lakes Shopping Center. Image courtesy of MMG Equity Partners<\/em><\/p><\/div>\n

MMG Equity Partners has sold Crystal Lakes Shopping Center, an 85,714-square-foot retail property in Homestead, Fla., for $22.7 million. Presidente Supermarket, 24-Hour Fitness and Goodwill anchor the shopping center. <\/p>\n

MMG developed the property in 2019 on a 7.5-acre site at 3338 NE Seventh St., across the road from Baptist Health’s Homestead Hospital. The property is 4 miles northeast from the city center and less than a mile east from Ronald Reagan Turnpike at the Campbell Drive exit. According to MMG, Crystal Lakes Shopping Center serves a population of more than 100,000 residents living within a 3-mile radius.<\/p>\n

During the past few months, MMG has been an active player in the Miami-Dade retail market. In November, the company paid $16 million<\/a> for a 127,072-square-foot office and retail property in Cutler Bay, Fla. In January, MMG acquired two shopping centers in the Miami metro for a total of $12.7 million. <\/p>\n","protected":false},"excerpt":{"rendered":"

Goodwill, 24-Hour Fitness and Presidente Supermarket anchor the 85,714-square-foot retail property in Homestead.<\/p>\n","protected":false},"author":870,"featured_media":1004507553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1492,21742,21749],"tags":[38641,48824],"class_list":["post-1004395367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-miami","category-latest","category-retail","tag-goodwill","tag-mmg-equity-partners"],"acf":[],"yoast_head":"\nMMG Equity Sells South Miami Shopping Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mmg-equity-sells-south-miami-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MMG Equity Sells South Miami Shopping Center\" \/>\n<meta property=\"og:description\" content=\"Goodwill, 24-Hour Fitness and Presidente Supermarket anchor the 85,714-square-foot retail property in Homestead.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mmg-equity-sells-south-miami-shopping-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-27T13:07:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Crystal-Lakes-Shopping-Center-e1582723530964.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"667\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mmg-equity-sells-south-miami-shopping-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mmg-equity-sells-south-miami-shopping-center\/\",\"name\":\"MMG Equity Sells South Miami Shopping Center - 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