Cushman & Wakefield announced that the commercial real estate services firm provided advisory services in the successful disposition of Grove Park Shopping Center, a high-performing, Publix-anchored neighborhood shopping center located in Lakeland, Polk County, Florida.
Originally developed in 1960 by George Jenkins, the founder of Publix, to serve as a model for a new type of shopping center, Grove Park Shopping Center totals 120,150 square feet and is 100% leased. The property features a diverse and seasoned anchor lineup led by Publix, CVS, Dollar Tree and Humanitary Medical Center. Publix’s store was completely rebuilt in 2019, reinforcing the center’s long-term stability and strong income profile.
“Grove Park Shopping Center was originally known as Southgate Shopping Center and was an iconic landmark for its retro styling and was featured in the movie Edward Scissorhands,” said Mark Gilbert, Vice Chair at Cushman & Wakefield in a statement. “Today, it’s known more for its dominant retailers and updated design in the flourishing Lakeland market.”…