Publix goes shopping, buys Doral retail center for $70M

By Keith Larsen | June 25, 2019 03:38PM

Publix at Doral Plaza Shopping Center and Randall T. Jones Sr. Publix CEO (Credit: Google Maps)

Publix at Doral Plaza Shopping Center and Randall T. Jones Sr. Publix CEO (Credit: Google Maps)

Publix Super Markets paid $70 million, or about 10 million Pub Subs, for a shopping center anchored by the grocery store in Doral.

The Lakeland, Florida-based grocer bought three properties totaling 128,255-square-feet at 9755 Northwest 41st Street, 9785 Northwest 41 Street and 9701 Northwest 41 Street for $545 per square foot, records show. Publix bought the retail center, known as Doral Plaza Shopping Center, from Chicago-based ShopCore Properties.

Other tenants at the project include Bank of America, Chase Bank, GNC and Supercuts.

The development last sold for $71.5 million in 2017.

Over the past few years, Publix has been buying up retail centers to become its own landlord. The company owned 31.8 percent of its stores at the end of 2017 and is buying more than 30 stores a year, nationwide.

Publix currently has more than 1,200 stores. Its 2018 revenue totaled $36.1 billion, according to its website.