North Miami-based IMC Equity Group acquired Peppertree Plaza in Margate for $45.5 million.
LSREF3 Peppertree, an affiliate of Dallas-based Lone Star Funds, sold the 267,254-square-foot shopping center at 5400-5688 W. Sample Road to Peppertree Plaza LLC, an affiliate of IMC, which is led by President and CEO Yoram Izhak. Loancore Capital Partners provided a $31.85 million mortgage to the buyer.
The price equated to $170 a square foot.
Peppertree Plaza last traded for $39.25 million in 2014. It…
