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Publix Supermarkets Buys 9 Retail Stores in FL, GA

In 2017, Madison and DDR announced a $1.05 billion recapitalization of the shopping center portfolio.

The plaza was developed in 1973 and significantly renovated in 2006 when a portion of the original structure was demolished and replaced with a new Publix store. The plaza was developed in 1973 and significantly renovated in 2006 when a portion of the original structure was demolished and replaced with a new Publix store.

MIAMI—Madison International Realty and DDR sold a portfolio of nine Publix anchored shopping centers to the retail giant. The portfolio consists of 732,000 square feet of owned GLA with eight assets located in Florida and one in Georgia. The sale price was not disclosed.

“We continue to place great emphasis on our strategic partnership with DDR and our venture’s proven ability to execute its business plan,” says Ronald M. Dickerman, Madison’s founder and president. “We have now achieved many of our operational milestones as well as dispositions of the portfolio.”

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Jennifer LeClaire

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