Equity One sells West Palm shops to Publix for $16.3M

Miami /
Jul.July 16, 2015 12:00 PM

A shopping center in West Palm Beach was just purchased by Publix for $16.25 million.

The strip, located at 10130 Northlake Boulevard, is already home to a Publix Supermarket, as well as several local restaurants, an animal hospital and the UPS Store. Two outparcels are also on the property — a gas station and bank — but they were not included in the deal.

The center was built in 1999 on a 12-acre property. The shops span 80,518 square feet and were most recently owned by Equity One, a real estate investment trust that specializes in developing and managing shopping centers. The company paid $9.25 million to acquire the center in 2002 from North American Properties, a development firm based out of Cincinnati, Ohio, according to Palm Beach County property records.

Publix announced earlier this year that it would invest $1.3 billion in acquiring real estate, building new stores and renovating its existing supermarkets.

The corporation purchased another Publix-anchored shopping center in Hollywood for $39 million last month.


Related Articles

arrow_forward_ios
Babak Ebrahimzadeh with The Contemporay
Babak Ebrahimzadeh proposes West Palm office project
Babak Ebrahimzadeh proposes West Palm office project
From left: Isaac Toledano, Teddy Sagi, Jorge Pérez and Michael Masanoff with a rendering of Transit Village (Related, LinkedIn, Rendering via Arquitectonica)
Pérez and Sagi’s Transit Village in WPB advances
Pérez and Sagi’s Transit Village in WPB advances
From left: CIM Group’s Shaul Kuba; Miami Worldcenter Associates' Nitin Motwani and Art Falcone; Miami Worldcenter (Miami Worldcenter Associates, CIM Group)
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
Back to school: Aging college campuses draw developers
Back to school: Aging college campuses draw developers
Back to school: Aging college campuses draw developers
Palm Beach County
Estate proposes 321 apartments in downtown West Palm
Estate proposes 321 apartments in downtown West Palm
Affiliated Development co-founder Nick Rojo along with 9445 Fontainebleau Boulevard in Miami (left) and the Bohemian apartment project in Lake Worth Beach (right) (Getty Images, Affiliated Development, Google Maps, MSA Architects)
“Slamming on the brakes”: South Florida’s record rent hikes slow
“Slamming on the brakes”: South Florida’s record rent hikes slow
From left: NDT Development co-founders Damien Barr and Ned Grace along with 418-444 Nottingham Boulevard in West Palm Beach (Google Maps, NDT Development)
Nora developer plans townhouses in West Palm Beach
Nora developer plans townhouses in West Palm Beach
BoaVida's Eli Weiner with 1375 Military Trail (BoaVida Group, Goggle Maps)
California firms pay $39M for West Palm mobile home park
California firms pay $39M for West Palm mobile home park
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...