ATLANTA—Columbia Regency Partners II, LLC has sold off a portfolio of four grocery-anchored shopping centers. Publix Supermarkets acquired the retail assets for $37.5 million.

Jones Lang LaSalle represented the seller. JLL managing directors Carson Good, Kris Cooper, and Margaret Caldwell led the retail investment sales team on the shopping center transaction.

“We sold a center to Publix earlier this year in Cocoa Beach by the name of Banana River Square,” Anthony Blanco, director of Investment Sales at The Shopping Center Group, tells GlobeSt.com. “Publix's strategy has been to continue to acquire in-fill centers where they have enjoyed strong sales so they may control their real estate for the long-term. They are very well capitalized and continue to post strong earnings growth, so I do not expect them to slow down their acquisition strategy in the future.”

The Publix shopping center portfolio includes: King Plaza, an 81,432-square-foot Publix anchored shopping center in Atlanta; Lost Mountain, a 72,568-square-foot Publix- and Chase Bank-anchored center in Atlanta; Island Crossing, a 58,455-square-foot Publix-anchored center in West Palm Beach; and Surfside Beach Commons, a 59,880 square foot Bi Lo-anchored center in Myrtle Beach.