CHARLOTTE HARBOR, FL-Publix Super Markets Inc. has purchased a shopping center where it houses one of its grocery stores here in a deal valued at $4.7 million.
A subsidiary of the Lakeland, Fl-based chain acquired the shopping center at 4265 Tamiami Trail from Richard Linder, a Jersey City, NJ investor. According to the Herald Tribune, Linder paid $4.62 million for the property back in 2001.
The idea of purchasing properties where it occupies space is becoming more commonplace for Publix. "We evaluate making purchases when and if the opportunity arises," says Brian West, a Publix spokesman. "The transaction has to make sense for us."
In July 2012, Publix, which operates 1,068 stores in Florida, Georgia, Alabama, South Carolina and Tennessee, purchased a 84,000-square-foot shopping center in Venice, FL, where it operates a store, for $15.67 million. See story in the Herald Tribune.
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