MMG Equity Partners has acquired the southeast and southwest corners of 8th Street and Ponce de Leon in two separate off-market transactions.
In the first transaction, Ponce 1, LLC acquired two folios at the SWC currently occupied by various tenants including the successful Eating House restaurant.
In the second transaction, Ponce 3, LLC acquired a vacant 258-seat restaurant building located on the SEC from the prior restaurant operator. The parcel provides outdoor-seating with 25 on-site parking spaces.
MMG Principal Gabriel Navarro stated, “We were attracted to these properties given their high visibility at an important, heavily trafficked entry point to Coral Gables.”
Robert Susi, Principal of Axiom Capital Advisors, represented the buyer in both off-market transactions. Roberto Susi stated, “Hard Corners on main and main are hard to come by – MMG saw the value in acquiring the two properties at the gateway to the Gables.”
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 Axiom Capital Advisors
Axiom Capital Advisors, LLC provides a wide array of real estate advisory services including brokerage, landlord and tenant representation, as well as acquisition and consulting. For more information about Axiom Capital Advisors, please visit http://www.axiom-cap.com/
