Eight charter school campuses, including four in Tampa Bay, sell for $242M
By Brian Bandoly
Tampa Bay Business Journal
Published: Apr 15, 2021

Aventura-based MG3 Developer Group sold eight charter school campuses throughout Florida for a combined $242 million, the company said.

MG3 Principal Hernan Leonoff said the eight campuses were acquired by Education Growth Fund LLC, a nonprofit corporation. Six of the schools were ground-up developments by MG3, while the other two were renovations of commercial buildings.

"We are proud to have been early pioneers in the charter school movement and to have successfully built over 40 educational facilities in the state of Florida, thereby providing educational opportunities and choices for thousands of students across the state,” Leonoff said in a statement with fellow MG3 Principals Gustavo Bogomolni and Marcelo Saiegh.

The charter school campuses in the deal:

Everglades Prep Academy, 2251 Mowry Drive, Homestead

Avant Garde Academy Broward, 2025 McKinley St., Hollywood

Bridge Prep Academy of Riverview, 6309 U.S. 301, Riverview

Bridge Prep Academy of Duval, 6400

Atlantic Blvd., Jacksonville

Orange County Prep Academy, 10250

University Blvd., Orlando

Bell Creek Academy, 13221 Boyette Road, Riverview

Hillsborough Academy of Math & Science,

9659 W. Waters Ave., Tampa

Navigator Academy of Leadership, 1101 E.

Bloomingdale Ave., Valrico