Publix Super Markets buys Shoppes of Pelican Landing

BUYER: Real Sub LLC (principals: John Attaway, David Phillips, Jeffrey Chamberlain and William Crenshaw), Lakeland
SELLER: Pelican Landing of Georgia LLC
PROPERTY: 24600 and 24602 S. Tamiami Trail, Bonita Springs
PRICE: $12.59 million
PREVIOUS PRICE: $1.3 million, December 2005
LAW FIRM ON DEED: GrayRobinson PA, Tampa

PLANS, DESCRIPTION:
Lakeland-based Publix Super Markets Inc. purchased the 81,312-square-foot Shoppes of Pelican Landing retail center for $12.59 million.

The price equated to $155 per square foot. That figure is higher than the two-year average price per square foot for retail space ($144) in Southwest Florida, according to the CoStar Group.