BONITA SPRINGS, FL—Publix didn't buy this shopping center, but its anchorage nevertheless attracted investors. Shoppes at Pelican Landing in Bonita Springs, FL just traded for $12.6 million.

Jim Michalak, Mike Cvetetic, and Steve Sanders represented the seller, Pelican Landing, in the transaction. PSM INC grabbed the retail asset.

“From a capital markets perspective, super-market product, particularly Publix anchored, continues to be the most sought after multi-tenant retail investment asset class,” Michalak tells GlobeSt.com. “Pelican Landing typifies the desired necessity retail product of choice: high sales, expansion component, and in some tenant instances below market rental rates.”

This Publix-anchored shopping center spans 86,262 square feet of gross leasable area. Tenants include Anytime Fitness, Publix Liquors, The UPS Store, Toast, and Internal Medicine Associates of Lee County, MD.

Shoppes at Pelican Landing sits on a 15.45-acre tract and was constructed in 1997. The retail plaza includes two separately owned outparcels leased to Bank of America and a Mobil gas station. The asset is 92.3% leased.