Publix acquired the 61,000-square-foot retail center, where the retailer occupies a 45,600-square-foot store, from Toronto-based real estate investment trust (REIT) H&R for $12.6 million, or roughly $207 per square foot.
H&R REIT originally acquired the property in 2012 for $8.92 million, according to CoStar data.
Located at 955-965 State Route 16, the Shoppes at Mission Trace was originally built in 2009. At the time of the sale, the retail center was 95 percent leased to tenants like Great Clips and AT&T.
Publix has been acquiring its own stories and self-anchored shopping centers throughout the past few years. As of last year, the supermarket chain owns 371 of its 1,167 stores, or roughly a third, according to the company’s 2017 annual report.
