The Real Deal Miami

MMG Equity Partners completes foreclosure of Pinecrest retail building

June 11, 2012 01:30PM

MMG Equity Partners has acquired a 21,830-square-foot retail property in Pinecrest though foreclosure, the firm announced today. The property, which is located at 9171 South Dixie Highway, is currently leased to Baer’s Furniture. “We were attracted to the building do to its irreplaceable location just south of Dadeland Mall and the excellent visibility it provides to the 100,000 vehicles that pass in front of it daily,” said MMG Principal Gabriel Navarro. MMG plans to remodel the building and find another furniture retailer to lease the building. — Alexander Britell