Publix Has Bought Out Its Landlord In Florida Shopping Centers With A $57 Million Purchase

Photo byKeith C from Palm Bay, FL, United States, CC BY-SA 2.0 via Wikimedia Commons

Two Florida shopping centers - Woods Walk Plaza and Crestwood Square - will have new landlords - Publix. This may not be a complete surprise to Floridians as I've previously written about the grocer buying out The Ramblewood Square Shopping Center in Coral Springs for $59 million and Davie Shopping Center and Regency Square at Broward for $83 million. And now And now two more shopping centers will be getting the same treatment - to the tune of $57 million.

About Woods Walk Plaza: This is an 88,000-square-foot shopping center located in Wellington. In addition to having Publix as an anchor, it includes Supercuts, Bonefish Grill China King, Pak n Ship, and Brooklyn Water Bagels.

Patrons give this shopping center 4.3 out of 5 stars on Google reviews. A reviewer named Gail wrote in part:

"Love this safe, clean, plaza, with plenty of parking, handicapped as well. Anchor store is, Publix, nice restaurants, gas station, bagel shop, close to other shopping plazas on corners of Lake Worth Rd and 441..."

About The Purchase Of Woods Walk Plaza: The plaza located at 9855 Lake Worth Road sold to Real Sub, an affiliate of Publix for $36.23 million or around $479 a square foot.

About Crestwood Square: This 78,000-square-foot shopping center is located in Royal Palm Beach. In addition to the anchor of Publix, the Square also includes a Duffy's, Carvel, Nail Salon, and Hair Cuttery.

Patrons give Crestwood Square 4.5 out of 5 stars. Many note that there is plenty of parking and choices. A reviewer named Peter noted:

"Nice plaza. Duffy's Burgers, Publix, and lots more. The plaza is well-kept and (has) lots of parking. It is easy to get in and out. Either from Crestwood Blvd or from Southern Blvd..."

The Purchase Of Crestwood Square: Publix affiliate Real Sub bought the Square located at 11935 Southern Blvd for $21 million or around $263 a square foot.

The author is not affiliated with Crestwood Square, Woods Walk Plaza, or Publix.