Publix Super Market Acquires Retail Property In Tampa For $7.25M

Publix Super Market has purchased a 6.29-acre retail property located at 8701 West Hillsborough Avenue in Tampa. The property consists of a 64,031-square-foot store and was sold for $7.25 million. The transaction was facilitated by Evan Cannan of Marcus & Millichap acting as the broker for the seller, Hillsborough Memorial LLC.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,250,000
• Address: 8701 West Hillsborough Avenue
• Market: Tampa
• Acres: 6.29

Publix Super Market exercised its right of first refusal to acquire the property. The listing did not initially specify a price, which attracted significant interest. Within days, the property received six offers. Publix Super Market matched the top offer to secure the purchase of the property.