ORLANDO—Two Publix-anchored shopping centers have traded hands—one in New Smyrna Beach and the other in Tallahassee. Once again, the buyer is none other than Publix Super Markets. The grocery-store chain has been snapping up some of the retail centers it calls home this year. Publix recently acquired retail assets from a Canadian group.

HFF represented the seller, Equity One. New Smyrna Beach Regional, a 118,451-square-foot, multi-tenant retail center in New Smyrna Beach, FL, sold for $16 million. Forest Village, a 71,526-square-foot, multi-tenant retail center in Tallahassee, sold for $7 million.

“These properties presented investors with an opportunity to acquire two seasoned and successful shopping centers,” HFF senior managing director Brad Peterson tells GlobeSt.com. “HFF has sold 23 Publix-anchored shopping centers in Florida since 2012, and we continue to see very strong demand for these types of retail investments.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.