Excerpted from GlobeSt.com story.
MIAMI—Madison International Realty and DDR sold a portfolio of nine Publix anchored shopping centers to the retail giant. The portfolio consists of 732,000 square feet of owned GLA with eight assets located in Florida and one in Georgia. The sale price was not disclosed.
“Publix has and will continue to be the dominant grocer in South Florida,” said Justin Berryman, director of Retail Leasing, and Aniley Perez, associate of Retail Leasing, at Franklin Street of Miami. “Discount grocers such as Aldi, along with specialty and gourmet chains like Whole Foods Market—and its new Whole Foods 365 smaller-store concept—and Sprouts are making a push to expand into the market.”