Earlier this month, Dallas-based Spectrum Properties bought a Doral shopping center anchored by an Aldi for $22.1 million, and Wharton Realty Group dropped $82 million for a fully leased shopping center in Homestead. Open-air shopping centers are becoming hot real estate assets in South Florida. Chomat said Westar owns several Westar gas stations in South Florida. Westar Oil Company is owned by Thomas Pequeno, according to state corporate records. We negotiated right then and there, and two days later, we were under contract.”Ĭary Cohen of Blanca Commercial Real Estate represented the seller. “We drove by some properties and came across this one.
“The buyer was looking for mom-and-pop shopping centers,” Chomat said. Tenants include Ultimate Medical Center & Spa, Magic City Perks coffee shop, Rinconcito Miami #5 restaurant, U Beauty Bar and Backdoor Miami consignment shop. In 2017, Adrian Builders bought the 4.5-acre property for $3.3 million and completed the two two-story buildings a year later, according to records.Ĭhomat, of County Line Realty, told The Real Deal that Shoppes At Hidden Lake is 99 percent leased, with only two vacant retail spaces.
Miami-based Westar Oil Company bought Shoppes At Hidden Lake at 12700 Southwest 128th Street in Miami-Dade County, according to Margot Chamot, a broker who was involved in the sale.Īdrian Builders, a Kendall-based commercial real estate firm founded by principal Alvaro Adrian, sold the 66,000-square-foot retail center. 21, 2:10 p.m.: A gas station investor is now fueling up on retail by acquiring a two-building shopping plaza in Kendall for $26 million.
The Shoppes of Hidden Lakes at 12700 SW 128 street, miami florida 33186