Publix Super Markets Acquires Retail Property In Coral Gables For $23M

A retail property located at 1542 South Dixie Highway in Coral Gables has been sold for $23,000,000. The property spans across 55,000 square feet, with a price per square foot of $418. The transaction took place on April 13, 2020.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $23,000,000
• Address: 1542 South Dixie Highway, Coral Gables
• Market: Coral Gables
• Square Footage: 55,000
• Price per Square Foot: $418

The buyer of the property is Publix Super Markets, represented by Todd Jones. The seller of the property is Riviera Holdings Plaza LP, which is owned by 13th Floor Investments, Gadinsky Real Estate, and Echion USA.