Dwight Angelini Of Longpoint Acquires Retail Center In Miramar For $34 Million

The retail asset involved in this transaction is located at 3102-3305 South University Drive in the Miramar market. The property encompasses 14.5 acres and boasts a total square footage of 167,840, with a sale price of $34,000,000, translating to a price per square foot of $203.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $34,000,000
• Square Footage: 167,840
• Price Per Square Foot: $203
• Buyer: Dwight Angelini - Longpoint
• Seller: Roland Faith - Faith Group; Jeffrey M. Perlow
• Acquisition Date: 07/11/2025
• Acres: 14.5

In this transaction, Dwight Angelini represented Longpoint as the buyer, while Roland Faith and Jeffrey M. Perlow represented the sellers, jointly known as Miramar Plaza Partners LLC and Miramar Plaza Partners 2 LLC. The deal involved the acquisition of Miramar Parkway Plaza, a fully leased retail center anchored by Presidente Supermarket, which has significantly appreciated in value since its prior sale in 2014.