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
Barron Real Estate principal Charles Ladd with JBL Asset Management Managing Partner Jacob Khotoveli and Plantation Marketplace at 7023 West Broward Boulevard in Plantation and Rivertowne Square at 1015 South Federal Highway in Deerfield Beach (Google Maps, LinkedIn, JLL)
Grocery store-anchored shopping center sales ignite South Florida’s retail market
Grocery store-anchored shopping center sales ignite South Florida’s retail market
Publix, West Palm Beach
Publix pays $57M for shopping center it anchors in West Palm Beach
Publix pays $57M for shopping center it anchors in West Palm Beach
Transamerican Development's President Albert Benalloun with  3100 South Ocean Drive (Google Maps, Benher Capital)
Publix pays $13M for waterfront Hollywood site approved for supermarket
Publix pays $13M for waterfront Hollywood site approved for supermarket
Dacar Management's Alberto Micha-Buzali with Residences and Shoppes (LinkedIn, Dacar Management)
Dacar scores $81M loan for Publix-anchored mixed-use project in Hialeah
Dacar scores $81M loan for Publix-anchored mixed-use project in Hialeah
12955 Southwest 112th Street (Aztec Group)
Investors score $36M loan to renovate Publix-anchored shopping center in Kendall
Investors score $36M loan to renovate Publix-anchored shopping center in Kendall
From left: Joseph, Toney and Eli Sleiman of Sleiman Enterprises; Graeme (Greg) Keith Jr. and Graeme Keith Sr. of The Keith Corporation (LoopNet, Sleiman Enterprises, The Keith Corporation)
Publix-anchored Delray Square sells for $48M
Publix-anchored Delray Square sells for $48M
The Fountains of Boynton shopping plaza with Union Investment’s Matthew Scholl (Google Maps, Union Investment)
German investor buys Publix-anchored Boynton Beach retail plaza for $80M
German investor buys Publix-anchored Boynton Beach retail plaza for $80M
Bowling alley and two retail centers in Broward trade for combined $59M
Bowling alley and two retail centers in Broward trade for combined $59M
Bowling alley and two retail centers in Broward trade for combined $59M
arrow_forward_ios

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

Loading...