Publix Super Markets Acquires Key Plaza Shopping Center In Key West For $74.5M

The Key Plaza Shopping Center in Key West, Florida has been sold for $74.5 million. The property spans 230,970 square feet and is located at 1107 Key Plaza in the Key West market. The retail asset is known for being anchored by Publix Super Markets, Inc, and features tenants such as OfficeMax and Dollar Tree. Additionally, the location offers convenient access to US1/North Roosevelt Boulevard.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $74,500,000
• Buyer: Kevin Murphy - Publix Super Markets, Inc
• Brokers: Danny Finkle, Eric Williams, Jorge Portela, Kim Flores & Manny de Zarraga - JLL

The deal was facilitated by a team of brokers from JLL Capital Markets, including Danny Finkle, Eric Williams, Jorge Portela, Kim Flores, and Manny de Zarraga. Their expertise played a crucial role in advising on the sale of the Key Plaza Shopping Center, ensuring a successful transaction for all parties involved.