facebook
Traded Co logo
Submit
Daily limit: 0/10

Publix Super Markets Inc. Acquires Tampa Suburban Shopping Centers For $62.9M

Property Image
SOLD
$62,900,000

Florida

See Similar Deals
Retail
Sold 11/05/2023
the dealplayerscompscontact
Property Image
SOLD

Publix Super Markets Inc. Acquires Tampa Suburban Shopping Centers For $62.9M

11255 Causeway Boulevard & 15001 North Dale Mabry Highway

See Similar Deals
Retail
Sold 11/05/2023
Contact now

Summary

FLORIDA
Asset Type:Retail
Transaction Type:Sale

Publix Super Markets Inc. has acquired two retail properties in Tampa suburbs for a combined price of $62,900,000. The properties include Lake Brandon Plaza and the Publix-anchored portion of North Pointe Plaza. The buyer, represented by Randall “Todd” Jones, expands its real estate holdings with these acquisitions. Publix Super Markets Inc. purchased the properties from Site Centers, with David R. Lukes representing the seller.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $62,900,000
  • Date: 11/05/2023
  • Address: 11255 Causeway Boulevard & 15001 North Dale Mabry Highway
  • Market: Brandon & Tampa

The transaction involved Publix Super Markets Inc., represented by Randall “Todd” Jones, as the buyer, and Site Centers, with David R. Lukes as the seller. This purchase adds to Publix Super Markets Inc.'s existing real estate portfolio, strengthening its presence in the Tampa area. The acquisition includes the Publix-anchored section of North Pointe Plaza and Lake Brandon Plaza, which were both previously owned by Site Centers.

Players

6 deals$171.9M volume
BUYER

Details

SOLD
IMAGE: David R. Lukes & Randall “Todd” Jones DATE: 11/05/2023 ADDRESS: 11255 Causeway Boulevard & 15001 North Dale Mabry Highway MARKET: Brandon & Tampa ASSET TYPE: Retail BUYER: Publix Super Markets Inc. (@Publix) - Randall “Todd” Jones SELLER: Site Centers - David R. Lukes SALE PRICE: $62,900,000 NOTE: Publix Super Markets Inc. bought two Tampa suburban shopping centers for $38 million and $24.9 million, adding to its real estate holdings. The properties include Lake Brandon Plaza and the Publix-anchored portion of North Pointe Plaza, both previously owned by Site Centers.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,354,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$223,470.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$298,178.09
Annual Debt Service$3,578,137.08