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CLEARWATER BEACH -- Publix Super Markets Inc. bought Island Estates Plaza, a 50,046-square-foot shopping center in Clearwater Beach, for $8.1 million.
Publix purchased the asset free and clear of debt, a release says.
HFF Inc. represented DAM Clearwater LLC, the seller in the deal. DAM Clearwater is a wholly owned entity of Connecticut-based David A. Mack Properties LLC.
Island Estates Plaza was fully occupied at the time of sale, with tenants including Publix, Bank of America and The UPS Store. The shopping center is located at 130 Island Way, between downtown Clearwater and Clearwater Beach.
“Barrier island, grocery-anchored retail center investment opportunities are rarely available in Florida, and the opportunity to acquire this fully leased shopping center made Island Estates Plaza a highly sought after investment,” said Luis Castillo, a director with HFF.
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