MIAMI, FL, May 24, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Shoppes of Pinecrest (top left aerial photo), a 12,271 square-foot retail shopping center located in Miami, FL.
The asset commanded a sales price of $8,500,000, which equates to $692 per square foot.
Vice President Investments Douglas K. Mandel (middle right photo) in the firm’s Ft. Lauderdale office along with Associate Vice President Investments Kirk D. Olson (middle left photo) and Senior Associate Drew A. Kristol (bottom right photo) in the firm’s Miami office had the exclusive listing to market the property on behalf of the seller, Adler Dixie, LLC.
Shoppes of Pinecrest is located along S Dixie Highway in the Village of Pinecrest, an exclusive municipality within Miami-Dade County.
Tenants are attracted to the upscale location, which provides tremendous visibility and access, making this center one of the premier shopping plazas in the immediate vicinity.
Most of the tenants are national and some of the most revered of consumer brands, such as Starbucks, Cold Stone Creamery, T-Mobile, GameStop and FedEx Office.
Press Contact: Ashley Steele, (954) 245-3400
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