PENSACOLA, FL-The Shops at Perdido Key, a 53,003-square-foot Publix-anchored shopping center, sold for $7.95 million. Publix purchased the ground lease for the shopping center at 13390 Perdido Key Dr.
Leon Brockmeier and Matt Reichenthal, retail investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property. The seller was an undisclosed limited liability company based in Florida.
“This was a tremendous opportunity to acquire a rare Publix shopping center ground lease with a rent escalation in the original lease term,” Brockmeier says. “We procured multiple offers in a matter of hours and put the property under contract within ten days.”
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