Publix Super Markets buys Carillon Town Center store

BUYER: PSM Carillon Town Center LLC (Publix Super Markets Inc.), Lakeland
SELLER: Feathersound Development LLC
PROPERTY: 120 Carillon Parkway, St. Petersburg
PRICE: $5.2 million
LAW FIRM ON DEED: GrayRobinson PA, Tampa

PLANS, DESCRIPTION:
Publix Super Markets has purchased a freestanding, 28,800-square-foot building at Carillon Town Center for $5.2 million.

The price equated to $181 per square foot. That figure is higher than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.

Publix previously leased the space and was offered the first right of purchase. The seller is White Development, a developer of retail investment properties primarily within the Southeast.

Mike Milano and Ron Schultz of Colliers International Tampa Bay represented the seller.

“The greatest investor demand for retail continues to be for grocery-anchored neighborhood centers, especially Publix-anchored centers,” Schultz, says in a press release.

Publix Super Markets owns a number of its retail store buildings and in several cases the entire shopping centers it anchors.