Publix is buying up Miami-Dade shopping centers. Here’s what to know

Publix is shifting from tenant to landlord, snapping up shopping plazas where its supermarkets anchor the retail mix.

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In October alone, the Lakeland-based grocery giant spent $107 million on two Miami-Dade shopping centers.

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Here are key takeaways:

• Publix paid $83.3 million for Airpark Plaza at 5715 NW Seventh St., near Miami International Airport. According to JLL Capital Markets, it was the largest sale of a suburban Publix-anchored shopping center in Miami-Dade in nearly two decades.

• The second October purchase was The Shoppes at Quail Roost at 20201 SW 127th Ave., bought by a Publix subsidiary for $23.7 million. Both centers were fully leased at the time of sale.

• Jorge Portela, senior director of JLL Capital Markets, said more retailers are choosing to own their real estate. Ownership lets Publix avoid lease-renewal negotiations, control the tenant mix and ensure it remains the only supermarket in the plaza.

• The Miami-Dade deals are part of a broader Florida push. JLL’s Miami-based team recently closed four other Publix-anchored shopping center transactions totaling $242.5 million.

• Publix has also acquired plazas including Fountains of Boynton (reported $78 million), Polo Club Shops in Boca Raton (about $83 million) and Hammocks Town Center in Kendall (about $71.9 million), plus properties in Broward and across Florida.

This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.

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