The Real Deal Miami

Publix acquires Davie shopping center for $11.6M

Grocer already anchors the retail outlet
June 16, 2014 05:15PM

A Publix store

A Publix store

Publix Super Markets purchased a Davie shopping center which the grocery chain currently anchors.

The Lakeland-based company paid $11.6 million for Paradise Promenade, according to the South Florida Business Journal. The 74,858-square-foot retail center was built in 2004 and was sold by Ohio-based DDRM Paradise, an affiliate of DDR Corp.

Paradise Promenade is located at 5949 to 6029 Stirling Road. It was last sold in 2007 for $6.4 million. [SFBJ] Christopher Cameron