Publix

Publix has purchased a retail plaza near Miami International Airport for $83 million, continuing a broader strategy of buying up shopping centers anchored by its own stores. The Florida-based supermarket chain has been acquiring the properties around its locations, giving it more control over its real estate footprint as it expands across the Southeast.

Publix bought out its landlord at a Miami shopping center for $83.25 million, taking ownership of the property that houses one of its stores. The deal gives the Florida grocery chain direct control of the site rather than leasing it, a notable real estate move in the Miami retail market.