✉news BusinessRetail first seen 2 h ago, last 2 h ago, peak #33
Publix pays $83.25 million for Miami shopping center
Original: Publix buys out landlord at Miami shopping center for $83.25M
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.
Why now: Publix's large purchase of its own store's property signals confidence in the Miami retail market and is attracting regional attention.
Evidence
- Publix buys out landlord at Miami shopping center for $83.25M · bizjournals.com
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