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Publix Spends $8M On Clearwater Shopping Center

TAMPA-HFF director Luis Castillo tells GlobeSt.com's Jennifer LeClaire there is a strong appetite for core investments at all value ranges that results in aggressive pricing.

By Jennifer LeClaire | Updated on October 16, 2011

TAMPA-The Island Estates Plaza is the latest shopping center to trade hands in a flurry of Florida retail deals this quarter. Publix purchased the 50,046-square-foot grocery anchored neighborhood center in Clearwater Beach for $8.1 million.

HFF managing director Daniel Finkle, director Luis Castillo and real estate analyst Robert Saracco represented the seller, DAM Clearwater, LLC, an entity wholly owned by Southport, Conn.-based David A. Mack Properties. Publix Super Markets purchased the asset free and clear of debt.

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