Tuesday, March 1, 2011
The shopping center was 98 percent leased at the time of the sale. In addition to Publix, CVS/Pharmacy is a co-anchor tenant.
Carter’s Retail Investment Sales Group, led by Drew Fleming and Mark Joines, noted the strong and continued investor appetite for grocery-anchored centers.
“Investors are desperately seeking well-located grocery anchored shopping centers with credit tenants such as Publix and CVS,” Joines said. “We don’t expect the demand for these types of centers to wane any time soon.”