A company tied to Sterling Organization paid $25.9 million for a Publix-anchored shopping center in Jupiter.
Records show Equity One Florida Portfolio LLC sold the nearly 136,000-square-foot retail plaza at 4040 South U.S. Highway 1. Equity One is a subsidiary of Jacksonville-based Regency Centers. Regency Centers acquired the company for $5 billion in 2017.
Sterling affiliate SVAP III Bluffs Square LLC acquired the Jupiter shopping center, called Bluffs Square. It was built on a 14.7-acre property in 1986, according to property records.
In addition to Publix, other tenants include a TooJay’s Deli restaurant, a frozen yogurt shop, a CrossFit gym, Walgreens and an AT&T store.
Sterling Organization, a West Palm Beach-based private equity real estate investment firm, sold a Sedano’s-anchored shopping center in Pembroke Pines in April to Longpoint Realty Partners for $37.53 million.