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First Washington Realty Sells Two Miami Shopping Centers to Publix Super Markets
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Shopping Center Business
Shopping Center BusinessFirst Washington Realty Sells Two Miami Shopping Centers to Publix Super Markets
MIAMI — First Washington Realty (FWR), a shopping center owner-operator based in Bethesda, Md., has sold two Publix-anchored shopping centers in Miami to Publix Super Markets Inc. The sales price was not disclosed. The properties include Airpark Plaza, a 171,443-square-foot shopping center near Miami International Airport at 5715 N.W. 7th St., and The Shoppes at Quail Roost, a 73,550-square-foot center located at 20201 S.W. 127th Ave. on the cit…
Publix Super Markets purchased Airpark Plaza, a 204,740-square-foot retail center in Miami where it serves as an anchor tenant, for $83.25 million
Transaction Overview Context & Strategic Shift Built in the 1970s, Airpark Plaza last changed hands in 2008 for $36.8 million, marking a substantial long-term appreciation in South Florida commercial real…
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