MMG Acquires Grocery-Anchored Center in Florida for $17 Million

Presidente Supermarket anchors Meadows Square in Boynton Beach, Florida. Presidente Supermarket anchors Meadows Square in Boynton Beach, Florida.

Boynton Beach, Fla. — MMG Equity Partners has acquired Meadows Square Shopping Center, a 94,708-square-foot retail center in Boynton Beach, a city in Palm Beach County, for $17 million.

Presidente Supermarket anchors the center, which was 97 percent leased at the time of sale to tenants including Dollar Tree and Bank of America. Casey Rosen of CBRE arranged the transaction on behalf of the undisclosed seller. HFF secured a 10-year, fixed-rate acquisition loan through a life insurance company on behalf of MMG Equity Partners.  

More News