Joe Echevarria Of University Of Miami Acquires Retail Property From Joshua Kobza For $7M In Pinecrest

The retail asset located at 13201 South Dixie Highway in Pinecrest has a sale price of $7,000,000. The property encompasses 32,670 square feet, with a price per square foot of $214. It serves as a Burger King–leased location and is situated next to the University of Miami's recently acquired former Macy’s parcel.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,000,000
• Buyer: Joe Echevarria - University of Miami
• Seller: Joshua Kobza - Restaurant Brands International (Burger King)
• Address: 13201 South Dixie Highway
• Market: Pinecrest
• Square Footage: 32,670
• Price Per Square Foot: $214

The acquisition positions the University of Miami to further develop its UHealth campus in Pinecrest, as it consolidates its footprint with plans for a 125,000-square-foot ambulatory care center adjacent to the new property.