Home Real Estate Publix Acquires Two Tampa-Area Shopping Centers
Real Estate

Publix Acquires Two Tampa-Area Shopping Centers


Publix has acquired two Central Florida shopping centers. By no coincidence, the two shopping centers were populated with a Publix grocery store as its anchor tenant. The Tampa Bay Business Journal reports Publix strategically acquires shopping centers where it is the anchor tenant throughout the Southeast, reshaping the retail real estate market.

An entity linked to the Lakeland-based grocer paid $38 million for the Publix-anchored Lake Brandon Plaza shopping center at 11255 Causeway Blvd. in Brandon. The same entity also paid $24.9 million for the Publix-anchored portion of North Pointe Plaza, which is at 15001 N. Dale Mabry Highway in the Carrollwood area.

The seller of both properties was Ohio-based Site Centers, a publicly traded real estate investment trust specializing in shopping centers.



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...