Real estate investor MMG Equity Partners scooped up a shopping and office plaza in a busy south Miami-Dade County neighborhood for $16 million.

Pinecrest-based MMG bought the Centre at Cutler Bay from Cutler Center Holdings LLC on Oct. 24. The transaction breaks down to $126 per square foot.

The seller is affiliated with Coral Gables-based luxury real estate company Boschetti Realty Group LLC, according to deed and state corporate records.