Silver Bluff's Peter Gardner And Grant Savage Acquire Grove Center Retail Asset In Miami For $8.33M

This transaction involves the sale of Grove Center, an approximately 8,941 SF multi-tenant retail asset located at 2829 Bird Avenue in the Miami market. The property was sold for $8,325,000, which equates to approximately $931 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,325,000
• Square Footage: 8,941
• Price Per Square Foot: $931
• Buyer: Silver Bluff – Peter Gardner & Grant Savage
• Seller: Marabella Investments Group - Rodrigo Ignacio Guerrero
• Seller's Representative: Christian Arrabal - AdviseCRE
• Buyer's Representative: Grant Savage – Silver Bluff
• Date of Transaction: 05/20/2026

Christian Arrabal from AdviseCRE represented the seller, while Grant Savage from Silver Bluff represented the buyers in this transaction. The asset was originally acquired in 2023, and the new owners successfully executed a full repositioning and re-tenanting, enhancing the tenant mix and overall property profile.