HGA Management Acquires Retail Property In Homestead For $23.5M

A retail property located at 2551 NE 9th Ct in Homestead has been sold for $23,530,000. The property spans 72,301 square feet, resulting in a price per square foot of $325.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $23,530,000
• Address: 2551 NE 9th Ct
• Market: Homestead
• Buyer: Jeffrey W. Wells - HGA Management
• Seller: CREC Capital - Alan Esquenazi & Warren Weiser; Highline Real Estate Capital - David Moret & Andrew Remick; MMG Equity Partners - Gabe Navarro; Lubert-Adler Real Estate
• Broker: Patrick Nutt - SRS
• Square Footage: 72,301
• Price per Square Foot: $325

The transaction involved several key individuals and companies. The buyer, Jeffrey W. Wells, was represented by HGA Management. The seller was a consortium of entities, including CREC Capital represented by Alan Esquenazi and Warren Weiser, Highline Real Estate Capital represented by David Moret and Andrew Remick, MMG Equity Partners represented by Gabe Navarro, and Lubert-Adler Real Estate. The broker in the deal was Patrick Nutt from SRS.