Macken Companies just sold a Walmart-anchored shopping center in Miami Gardens for $11.85 million.
The newly developed Palmetto Design Center at 3791 Northwest 167 Street sold for about $190 per square foot to Rise Star LLC, a Hollywood-based company led by Valentina Georgescu, according to a press release.
The plaza, completed in 2016, was developed in a joint venture between Macken Companies and Zvi Shiff of DZD Holdings. It hit the market in September asking $12.5 million, listed by Monte Greenberg of Macken’s inhouse real estate brokerage Macken Realty.
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