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Benderson buys another Publix — this one in south Sarasota County


Benderson Development has bought the store at the Olde Village shopping center in Englewood.
Benderson Development has bought the store at the Olde Village shopping center in Englewood.
Courtesy photo
  • Manatee-Sarasota
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Manatee County-based Benderson Development has bought its second Publix in six weeks.

The latest addition to the company’s portfolio is a store in Sarasota County at the Olde Village shopping center at 55 N. Indiana Ave. in Englewood.

The developer would not release the sale price and county records had not been updated as of Sept. 8. The previous owner, Largo-based Equity Management Partners, paid $5.05 million for the property in May 2021, according to county records.

Benderson bought another Publix in Pompano Beach July 27 at 1140 SW 36th Ave. The developer did not disclose a purchase price at that time either, but Broward County property records show it paid $7.1 million.

If it feels like Publix stores seem to be trading at a brisk pace in recent weeks, it's because they are. In addition to the latest deal and the one in Pompano, the Lakeland grocer bought its own store in Tampa in late August. The company paid $7.25 million for the 64,031-square-foot store at 8701 W. Hillsborough Ave. after exercising its right of first refusal.

Benderson, founded in 1949, is a prolific local developer that’s grown into a national player.

The company says its portfolio includes 800 properties in 41 state and totals 51 million square feet. 

Among its holdings is the 4.5 million-square-foot portfolio of 28 Fred Meyer stores in the Pacific Northwest and Alaska; two Trader Joe’s in the Carolinas; a Whole Foods in Alexandria, Virginia; and the headquarter for Thrivent Financial in Minnesota. 

Locally, it owns the Crossings at Siesta Key and Bee Ridge Square in Sarasota.

 

author

Louis Llovio

Louis Llovio is the commercial real estate editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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