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South Florida

Publix acquires Davie shopping center for $11.6M

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

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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

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