The Real Deal Miami

Miami Winn-Dixie gets $7 million in financing

May 15, 2012 12:00PM


A Winn-Dixie supermarket at 3275 Coral Way in Miami has obtained a $7.02 million permanent loan, according to Aztec Group, which represented the borrower in the transaction. Aztec managing directors Jason Shapiro and Jim Fried arranged the financing for the 63,480-square-foot space, which is located next to the Miracle Market shopping center and recently underwent a $6 million renovation. “While it is typically challenging to obtain a non-recourse loan on a single-tenant property, the Winn-Dixie store has a multi-year track record of excellent store sales,” Shapiro said. — Alexander Britell