Commercial Real Estate, Capital, Insurance, Leasing & Management

The Real Deal: KEI Properties buys Hialeah office-retail property for $8M

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KEI Properties scooped up the Hialeah Medical Plaza for $7.7 million.

The North Miami-based real estate investor and manager bought the office and retail property at 3750 West 16th Avenue from RG Property Group, according to a news release from the buyer’s broker.

Adam Tiktin and Greg Matus of Franklin Street represented the KEI Properties affiliate that purchased the building. The deal closed on Thursday.

The two-story, 41,000-square-foot building was constructed in 1981 on 1.2 acres, according to the release.

Hialeah Medical Plaza is 98 percent occupied by businesses and stores, many of which provide medical-related services and goods. Tenants include Proactive Health, Tropical Medical Center, New Life Medical Research, Green Cross Clinic, Belen Therapy Medical Center and Benjamin Meat Store.

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