MIAMI—It's no surprise that Miami retailers are inking loans in a white hot market. Aztec Group just helped two investors secure financing at a time when new entrants like Wawa are vying for space in a competitive market and the vacancy rate is expected to dip to sub-4% before the end of the year.

Aztec managing director Jason Shapiro, along with director Sean Harrington, secured $18.6 million in financing for the shopping complex Sedano's Plaza at Lakes on the Green in Miami, FL. The retail center is located at 18600 Northwest 87th Avenue is a 129,000-square-foot center with a standalone three-story office building.

As its name suggests, a 37,000-square-foot Sedano's Supermarket anchors the shopping center. The retail component and office outparcel were developed in 2006 and 2010, respectively. The property is 85% occupied and will likely exceed 95% occupancy this year, with tenants including Carrabba's Italian Grill, Sherwin-Williams, and Vicky Bakery.