Publix has recently acquired a development site located at 2985 North Ocean Boulevard in Fort Lauderdale. The site, encompassing 1.4 acres, was sold for a price of $10,000,000. The transaction took place on April 5, 2021, making it a noteworthy sale in the local market.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $10,000,000
• Address: 2985 North Ocean Boulevard, Fort Lauderdale
• Market: Fort Lauderdale
• Buyer: Publix - Todd Jones & Kevin Murphy
• Seller: Preste Corp, Royal Quality Homes of Florida & Ocean Reef Investments
• Acres: 1.4
• Price per Acre (PPA): $7,142,857

The buyer, Publix, was represented by Todd Jones & Kevin Murphy in this transaction. On the selling side, Preste Corp, Royal Quality Homes of Florida, and Ocean Reef Investments were involved. The sale of this development site signifies a significant investment in the Fort Lauderdale market, highlighting its potential for further growth and development.