Equity One sells Jupiter shopping center to Sterling for $26M

15-acre property leased to Publix, Walgreens, TooJay's

TRD MIAMI /
Oct.October 23, 2019 02:30 PM
Bluffs Square in Jupiter (Credit: Google Maps)

Bluffs Square in Jupiter (Credit: Google Maps)

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.

Publix has also been acquiring a number of the shopping centers it anchors. Earlier this year the Lakeland-based grocer paid $70 million for the Doral Plaza Shopping Center.


Related Articles

arrow_forward_ios
Toll Brothers CEO Douglas C. Yearley, Jr. and Jupiter Country Club

Toll Brothers putts Jupiter golf course over to ClubCorp for $8M

Daily Digest Miami

Related sells Tampa apartments for record $132M, Miami apartment tower evacuated after fire: Daily digest

Downtown Abacoa and Michael Nortman of FLF Holdings (Credit: Google Maps)

Dallas firm buys retail component of Jupiter mixed-use project

Nick Mastroianni and Harbourside Place

Mastroianni’s Harbourside Place settles with Jupiter over code violations

Jamie McCourt and 160 Spyglass Lane

Former co-owner of the LA Dodgers buys waterfront Jupiter estate

President Trump and Mar-a-Lago (Credit: Getty Images)

Revenue fell at Trump’s Palm Beach properties in 2018

Former NHL player sells Jupiter mansion to NextEra Energy CFO

Former NHL player sells Jupiter mansion to NextEra Energy CFO

Longpoint Realty scores Pembroke Pines shopping center for $38M

Longpoint Realty scores Pembroke Pines shopping center for $38M

arrow_forward_ios