Publix Super Markets buys Lakewood Ranch retail center

BUYER: PSM Lakewood Ranch LLC (Real Sub LLC), Lakeland
SELLER: MCLR Partners Ltd.
PROPERTY: 8330, 8370, 8306, 8350, 8342, 8338, 8314, 8386, 8382, 8378, 8374, 8366, 8362, 8354, 8322, 8318 and 8332 Market St., Bradenton
PRICE: $17.45 million
LAW FIRM ON DEED: Graydon Head & Ritchey LLP, Cincinnati

PLANS, DESCRIPTION:
Publix Super Markets Inc. has purchased another Lakewood Ranch area retail center from North American Properties Southeast. The Lakeland-based grocery company purchased the 103,000-square-foot Publix at Lakewood Ranch center for $17.45 million.

The price equated to $169 per square foot. That figure is higher than the two-year average price per square foot for retail space ($129) in the Tampa Bay area, according to the CoStar Group.