BONITA SPRINGS, FL—Publix didn't buy this shopping center, but its anchorage nevertheless attracted investors. Shoppes at Pelican Landing in Bonita Springs, FL just traded for $12.6 million.
Jim Michalak, Mike Cvetetic, and Steve Sanders represented the seller, Pelican Landing, in the transaction. PSM INC grabbed the retail asset.
“From a capital markets perspective, super-market product, particularly Publix anchored, continues to be the most sought after multi-tenant retail investment asset class,” Michalak tells GlobeSt.com. “Pelican Landing typifies the desired necessity retail product of choice: high sales, expansion component, and in some tenant instances below market rental rates.”
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