MG3 Group Acquires Retail Property In Miami For $73M

MG3 Group has acquired a retail property located at 9191 West Flagler St. in Miami. The property spans 32 acres and is part of a closed transaction with Berkowitz Development Group. The sale, which took place on February 22, 2022, was facilitated by Gustavo Bogomolni, Marcelo Saiegh, and Herman Leonoff. The sale price for the property was $73,000,000, with a total square footage of 246,833. This amounts to a price per square foot of $296.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $73,000,000
• Address: 9191 West Flagler St.
• Market: Miami
• Acres: 32

MG3 Group, represented by Herman Leonoff, Marcelo Saiegh, and Gustavo Bogomolni, successfully acquired the property from Berkowitz Development Group. This transaction marks an important milestone in the commercial real estate market of Miami.