The Real Deal Miami

Pinecrest shopping center sells for $8.5 million

May 24, 2012 09:45AM

Shoppes at Pinecrest

The Shoppes of Pinecrest retail center in southern Miami-Dade County has sold for $8.5 million, according to Marcus & Millichap, which represented seller Adler Dixie in the deal. The 12,271-square-foot property sold for an average price of $692 per square foot. Douglas Mandel, Kirk Olson and Drew Kristol had the exclusive listing for Adler Dixie since February. It is located at 9095 South Dixie Highway. Current tenants include Cold Stone Creamery, Starbucks, T-Mobile, GameStop and FedEx Office. — Alexander Britell