Undaunted by Pandemic, Retail Investor Makes $20.4 Million Sweetwater Purchase

A shopping center developer and investor sees the coronavirus pandemic upend retail real estate and still buys a Best Buy store in suburban Sweetwater for $20.4 million.

RK Centers, founded and led by Miami Heat part-owner Raanan Katz, bought the property from Shops at 107th LLC based in Sunny Isles Beach. The seller is managed by Salomon Hanono, a private equity and import-export professional.

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