MIAMI-Hollywood Hills Plaza, one of South Florida's earliest shopping centers 20 miles north of Downtown Miami, is under new ownership headed by Barry Ross and William D. Matz.
The 25-year-old, 441,566-sf property, originally developed by William D. Horvitz, was sold by an investor group that includes Miami developer Michael Swerdlow to RM Hollywood Hills Plaza Shopping Center for $28.85 million or $65.34 per sf.
Adjoining outparcels housing three free-standing restaurants, a store and four sites totaling 12,862 sf were sold to the same buyer for $4.15 million, according to Michael Y. Cannon, managing director, Integra Realty Resources, AREEA/South Florida.
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