Sembler expands its portfolio

Sembler expanding its portfolio
Sembler Co. will develop $77 million worth of new retail space in Alabama and Sarasota and Pasco counties this year, burnishing a portfolio that saw some $57 million worth of additions in 2015.

The St. Petersburg development and investment company intends to break ground or deliver new Publix- and Wal-Mart-anchored centers in Pasco County this year, together with a pair of projects in Huntsville, Ala., a Walmart Neighborhood Market in North Port and a Publix center in North Carolina.

Those moves come on the heels of the addition last year of more than 420,000 square feet in a trio of retail centers in Tuscaloosa, Ala., Atlanta, St. Petersburg and West Palm Beach, says Sembler Chief Investment Officer Sean Davis.