Publix bags Cooper City shopping center for $13M

Miami /
Nov.November 24, 2015 06:00 PM

Publix is on a South Florida shopping spree: it paid Federal Realty $53 million for a Wellington shopping strip last week, and now the supermarket chain has purchased a Cooper City retail plaza for $12.5 million.

The Pine Lake Plaza has two buildings with 115,306 square feet of space and is located at 10000 West Griffin Road. It was built in 1982 and is anchored by a Publix supermarket. Other tenants include a Dollar Tree, Subway and MetroPCS.

Barbara Williamson sold the property. She’s the daughter of the late Robert T. Williamson, a real estate mogul who built his wealth buying and selling gas stations. According to his obituary in the Sun Sentinel, Williamson sold his entire portfolio for $10 million in the 1950s and retired to Florida. Not too long into retirement, he returned to buying and supplying gas stations.

Barbara took control of the entity that owns Pine Lake Plaza soon after he died in 2007, according to Broward County records.

This is the latest sale in Publix’s campaign to invest $1.3 billion in real estate, renovations and technology by the end of 2015. Last week, the supermarket chain paid a whopping $53 million to the Federal Realty Investment Trust for another Publix-anchored shopping center in Wellington.


Related Articles

arrow_forward_ios
Publix at Westlake Plaza will be on the west side of Seminole-Pratt Whitney Road between Town Center Parkway and Persimmon Boulevard (Google Maps)
Publix pays $9M for Westlake site in Palm Beach County
Publix pays $9M for Westlake site in Palm Beach County
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
Publix CEO Todd Jones (Google Maps, Publix)
Publix pays $10M for site of new Fort Lauderdale supermarket
Publix pays $10M for site of new Fort Lauderdale supermarket
Raanan Katz of RK Centers with the Veranda Shoppes at 500-560 North Pine Island Road in Plantation (Photos via Raanan Katz, Google Maps)
Raanan Katz buys Publix-anchored Plantation shopping center for $17M
Raanan Katz buys Publix-anchored Plantation shopping center for $17M
North Delray Commons at 455 & 555 Northeast 5th Avenue in Delray Beach (Photos via Google Maps)
Benderson buys Publix-anchored Delray Beach shopping center for $9M
Benderson buys Publix-anchored Delray Beach shopping center for $9M
Publix CEO Todd Jones and a rendering of the project
Publix in Fort Lauderdale Beach moves forward
Publix in Fort Lauderdale Beach moves forward
Todd Jones and Albert Banalloun, with a rendering of the project (Credit: Fisher Architects)
Hollywood Publix with boat dock advances
Hollywood Publix with boat dock advances
Cary Goldberg and an aerial rendering of development
Cooper City gives nod to Monterra development makeover
Cooper City gives nod to Monterra development makeover
arrow_forward_ios

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

Loading...