Out-of-State Investors Target Florida's Grocery-Anchored Retail Market

Florida has become a top landing ground for retail investors looking for grocery-anchored deals. The recent sale of the Tiger Point Pavilion is a prime example. The 66,000-square-foot property traded hands for $19.9 million between MAB American and DRA Advisors and buyer ExchangeRight. The property is anchored by a Publix grocer, and is exemplary of the demand in throughout the state for similar investment opportunities.

“The retail investment market in Florida has undergone tremendous change over the past few months,” Brad Peterson, senior managing director at JLL, tells GlobeSt.com. “Six to 12 months ago, retail faced challenges broadly, but now grocery-anchored investments in Florida are some of the most highly sought after real estate investments in the entire nation.” Peterson represented the seller in the deal along with JLL senior director Whitaker Leonhardt and analyst Tommy Isola.