Expect grocery store-anchored shopping centers to be on investors and developers' lists in the coming month as value in this real estate type is soaring in many areas of the country.
Case in point is Blackstone's new investment in a portfolio of six Publix-anchored Sunbelt region shopping centers in a two-step deal.
First, Kimco Realty acquired the remaining 70% interest in the portfolio from its existing joint venture partner, Jamestown, for $425.8 million.
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