Publix-anchored shopping center in Sarasota sold for $20.4 million

A fully leased shopping center in Palmer Ranch has been sold. The Shoppes at Palmer Ranch, off Honore Avenue and Central Sarasota Parkway, was acquired by Wilder, a Boston-based real estate firm, along with two unnamed long-term investors.

The sale price was $20.4 million, according to Sarasota County property records, which reports the deal closed Nov. 8.

Located in south Sarasota County, the shopping center was listed for sale in June, a little more than a year after it opened, in April 2023. Anchored by a new Publix store prototype, the 65,417-square-foot shopping center also includes a Publix drive-thru pharmacy, Publix Liquors, Sherwin-Williams, Wellness Animal Hospital, Fuji Sushi Steakhouse, Ann Volcano Nail Lounge and Dental Care at Palmer Ranch.