MMG Equity Partners has acquired Meadows Square Shopping Center, a 94,708 SF grocery anchored shopping center in Boynton Beach, FL for $17,000,000.
Built in 1986 and renovated in 2015, the property is located at the high traffic intersection of Congress Ave and Hypoluxo Road. Tenants at Meadows Square include a high-volume Presidente Supermarket, Dollar Tree, and Bank of America. The property was 97% leased at the time of the sale.
MMG Principal Gabriel Navarro stated, “We were attracted to Meadows Square given the strong real estate fundamentals of the property. We are pleased to add another South Florida grocery anchored shopping center to our retail portfolio.”
Additional info on the property is available at http://www.meadowssquare.com/
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