Kevin Murphy Of Publix Super Markets Acquires Polo Club Shops In Boca Raton For $83M

The property involved in this transaction is a retail asset located at 5050 Champion Boulevard in Boca Raton, comprising 14.2 acres. It was sold for $83,000,000. The asset features a total square footage of 134,832, and the sale price per square foot is $616. The property includes the Polo Club Shops, which is grocery-anchored and was 97% leased at the time of sale. The center underwent renovations in 2022, which included a rebuilt 48,387-square-foot Publix with a 20-year lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $83,000,000
• Address: 5050 Champion Boulevard
• Market: Boca Raton
• Asset Size: 14.2 acres
• Total Square Footage: 134,832
• Price Per Square Foot: $616
• Buyer: Kevin Murphy - Publix Super Markets
• Seller: Matt Bronfman & Michael Phillips - Jamestown
• Brokers: Mark Gilbert, Adam Feinstein & Mitchell Halpern - Cushman & Wakefield

This transaction highlights key individuals in the deal, with Kevin Murphy representing Publix Super Markets as the buyer. The sellers, Matt Bronfman and Michael Phillips of Jamestown, were instrumental in navigating this significant retail asset sale. The brokers facilitating this transaction were Mark Gilbert, Adam Feinstein, and Mitchell Halpern from Cushman & Wakefield, reflecting a strong brokerage presence in the market.