Sembler posts strong 2017

The Sembler Cos. mirrored most Gulf Coast commercial real estate landlords in 2017 by posting “solid” growth across all its business lines.

The St. Petersburg-based firm, best known for owning grocery-anchored shopping centers throughout Florida, says it is developing 480,000 square feet of new space in all, and leased or renewed nearly 700,000 square feet of tenants throughout its portfolio.

Last year, the firm began work on a new Publix Super Markets Inc.-anchored center in Cary, N.C., and kicked off a major redevelopment of Disston Plaza, in St. Petersburg.