Javier Cervera’s firm buys $17M shopping center in small-business haven
Javier Cervera’s Cervera R.E. Ventures added another South Florida retail property to its portfolio with the $17 million acquisition of Twin Towers Shopping Center in Hialeah. Coral Gables-based C-REV secured an acquisition loan from U.S. Century Bank at 50 percent loan-to-value for the 36,575-square-foot shopping center at 4516 West 12th Avenue, at the intersection of West 12th Avenue and West 46th Street, according to brokerage firm Marcus & Millichap. The price pencils out to $465 per square foot. Drew Kristol and Kirk Olson of Marcus & Millichap worked with the seller, an affiliate of CD Group, led by Maurice Cayon. […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131