Kite Realty is the latest buyer to seek a Publix-anchored shopping center, purchasing a West Palm Beach site for $68 million.
South Florida retail landlords experienced rent growth in the fourth quarter of last year, as investors continued focusing on shopping centers.
Jamestown Village Commons LP, care of Atlanta-based Jamestown, sold the 172,493-square-foot retail center at 831 Village Blvd. to KRG Village Commons, care of Indianapolis-based Kite Realty Group.
As consumers return to in-person shopping to their nearest retail centers, Publix-anchored properties have become hot properties.
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