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
Value Store It President Carlos Diaz with the two properties (Diaz)
Value Store It buys two Palm Beach County properties for $35M
Value Store It buys two Palm Beach County properties for $35M
Stephen Ross (Getty) with Esperanté Corporate Center at 222 Lakeview Avenue in West Palm Beach
Related Companies buys half ownership interest in West Palm office tower
Related Companies buys half ownership interest in West Palm office tower
Nicholas and Caroline Rafferty and 6709 South Flagler Drive, West Palm Beach (Getty/Patrick McMullan, Google Maps)
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
CityPlace Tower and Related Companies founder Stephen Ross (Related, Getty)
Related Companies buys West Palm Beach office tower for $175M
Related Companies buys West Palm Beach office tower for $175M
Joseph J. Plumeri and 1100 South Flagler Drive (Getty, The Bristol)
Former First Data honcho spends $17M for condo at The Bristol in West Palm
Former First Data honcho spends $17M for condo at The Bristol in West Palm
Shoma Group president Masoud Shojaee and renderings of the project (Shoma Group)Shoma Group president Masoud Shojaee and renderings of the project (Shoma Group)
Shoma pays $16M for North Bay Village site, plans Publix-anchored apartment project
Shoma pays $16M for North Bay Village site, plans Publix-anchored apartment project
Raanan Katz of RK Centers and Best Buy at 1880 Palm Beach Lakes Boulevard in West Palm Beach (RK Centers and Orion Miami)
Raanan Katz’s RK Centers buys West Palm Best Buy for $12M
Raanan Katz’s RK Centers buys West Palm Best Buy for $12M
UOVO Founder Steven Guttman (UOVO)
UOVO scoops up art storage facilities in Miami, West Palm Beach in $50M buy
UOVO scoops up art storage facilities in Miami, West Palm Beach in $50M buy
arrow_forward_ios

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

Loading...