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August 21.2025

2 Minutes Read

KEI Properties Makes Strategic Move Buying Aldi-Anchored Center in Miami

KEI expands North Miami-Dade holdings with Aldi-anchored center

KEI Properties Expands Its Footprint in North Miami-Dade

In a significant move, North Miami-based KEI Properties has acquired the Palmetto Plaza shopping center in Miami Gardens for $22.5 million. The transaction involved assuming an equal amount in mortgage debt secured by a commercial mortgage-backed securities loan, showcasing KEI's commitment to enhancing its real estate portfolio.

Understanding the Palmetto Plaza Acquisition

The shopping complex, comprised of four buildings totaling approximately 186,095 square feet, was originally built between 1978 and 1981. At the time of sale, the plaza was an impressive 95% leased, featuring well-known tenants such as Aldi, Dollar Tree, Regions Bank, Dunkin’, and Bright Star Academy. This high occupancy rate speaks to the plaza’s viability within the competitive North Miami-Dade market.

The Players Behind the Deal

The seller, a joint venture between Core Investment Management and Spectrum Business Ventures, had acquired the property in 2020 for $33.6 million. This previous investment highlights the area's potential for growth despite the current market fluctuations influenced by economic conditions. KEI’s strategic acquisition indicates a shift towards capitalizing on stable retail operations amidst changing consumer patterns.

Future Insights and Implications for Residents

For local residents, the expansion of KEI Properties solidifies North Miami-Dade as a focal point for retail and commercial activity. The presence of established retailers within the Palmetto Plaza not only provides shopping convenience but also bolsters job opportunities in the community. The continuous investment into the area could lead residents to expect further improvements in local amenities and infrastructure. As such, this acquisition could potentially increase property values, making Miami Gardens an attractive location for home ownership.

Conclusion: The Importance of Community Investment

As KEI Properties continues to invest in North Miami-Dade, homeowners and potential buyers in the region should consider the long-term benefits associated with such developments. A thriving commercial environment creates opportunities and supports the local economy, ensuring that communities like Miami Gardens can flourish.

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KEI Properties Makes Strategic Move Buying Aldi-Anchored Center in Miami

KEI Properties Expands Its Footprint in North Miami-Dade

Understanding the Palmetto Plaza Acquisition

The Players Behind the Deal

Future Insights and Implications for Residents

Conclusion: The Importance of Community Investment

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