Publix Super Markets Inc. Acquires Tampa Suburban Shopping Centers For $62.9M
11255 Causeway Boulevard & 15001 North Dale Mabry Highway
$62,900,000
Building Size
—
Asset Type
Retail
Closing
Nov 5, 2023
About this deal
AI
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.
On the Map
$62,900,000
Retail
View full map
Players
Brandon Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Brandon retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93