Village Shoppes at Pine Plaza
Miami, Fla. –June 15, 2010 – Global Fund Investments and MMG Equity Partners have completed the acquisition of a note, collateralized by Village Shoppes at Pine Plaza, a 234,169 square foot shopping center anchored by Winn-Dixie Supermarket, Sunrise Cinemas and Family Dollar. Pine Plaza is located on the southwest corner of Pine Island Road and NW 44th Street, in Sunrise, Florida. The property is currently 64% leased. Global Realty & Management FL assumed leasing and management responsibilities of the property on June 1st, 2010.
Global's Managing Partner, Doron Valero, stated, "We are glad to complete another acquisition of a note backed by infill retail real estate. We believe that there is tremendous value to be unlocked through aggressive lease up and repositioning of the property. We are delighted to partner with the Navarro family, whom I have known and worked with for 18 years. I am certain that we will execute many more deals together in the future"
MMG Principal, Gabriel Navarro, added, "We are very happy to have partnered with Global on this transaction. We continue to aggressively look for notes and properties to purchase throughout the state. We look forward to continuing to work with lenders and sellers, offering a high certainty of closing with rapid and swift execution".
To learn more about Pine Plaza, please visit www.pineplaza.com
For leasing opportunities at Pine Plaza, please contact Doug Wolfe at (305) 535.6305
For loan sale and property acquisition opportunities, please contact:
Global Fund Investments MMG Equity Partners
John Strzalka Gabriel Navarro
(305) 535.6305 (305) 637.7312
About MMG Equity Partners
MMG Equity Partners is a privately-owned real estate investment company focused on long-term ownership, management, development, and acquisitions of shopping centers in Florida. For more information about MMG Equity Partners, please visit www.mmgequitypartners.com
About Global Fund Investments
Global Fund Investments, LLC, is a real estate investment company headquartered in Miami Beach. The company acquires, develops, redevelops, manages, leases, and finances retail shopping centers across the Southeastern United States, with a core focus on Florida and Texas. To learn more about Global, please visit the company’s website at www.gfinvestments.com
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