Publix has been buying up parts of Collier and Lee County in order to grow its ownership footprint.
Just before the Memorial Day holiday weekend, a Southwest Florida shopping center was among the trophies the grocery giant bagged.
Where did Publix make its latest Southwest Florida investment?
Publix purchased the 110,780 square feet that make up Daniels Crossing off Six-Mile Cypress north of the Minnesota Twins spring training complex, according to broker JLL Capital Markets.
Traffic counts show the Daniels Parkway center has more than 100,000 vehicles passing through the heavy-duty intersection, making it a lucrative spot to own, said JLL’s Danny Finkle, who helped put the transaction together that public records show was valued at more than $36 million.
The ‘rebuilt Publix prototype store’ made deal more ‘attractive’
With last year’s redeveloped Publix upgrade, the center at 100% leased includes Quest Diagnostics, Hope Chest Hospice, Millennium Physicians Group and the UPS Store, Finkle said…