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MMG acquires pair of Miami shopping centers

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MMG Equity Partners has acquired two grocery-anchored shopping centers in Miami-Dade County, the firm announced. The Miami-based company has acquired Colonial Shopping Center, a 64,000-square-foot President Supermarket-anchored center at 450 NE 125th Street in North Miami, and Tropical Shopping Center, which is located at 8100 North Miami Avenue. “Both assets are grocery-anchored shopping centers in infill areas of Dade County,” said Gabriel Navarro, principal at MMG. “We believe that we can increase value through enhancing

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