Publix makes $16M real estate deal in Palm Beach County
By Brian Bandell
Tampa Bay Business Journal
Published: Jul 17, 2015

Publix continues its shopping for real estate assets by purchasing a retail plaza in West Palm Beach for $16.25 million.

GRI EQY Ibis, an affiliate of the North Miami Beach-based Equity One (NYSE: EQY) and Maryland-based First Washington Realty, sold the 80,518-square-foot plaza at 10130 Northlake Blvd. to Real Sub, a subsidiary of Lakeland-based grocery giant Publix. It anchors 52,092 square feet there.

The price equates to $202 per square foot.

The property was built on the 12.2-acre site on the corner of State Road 7 in 1999. It last traded for $9.25 million in 2002.

Other tenants include the UPS Store, Castaways Bar & Grill, Avanti Pizza & Pasta, and Supercuts.