{"id":83614,"date":"2026-10-06T23:57:04","date_gmt":"2026-10-07T03:57:04","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=83614"},"modified":"2026-10-06T23:57:10","modified_gmt":"2026-10-07T03:57:10","slug":"publix-super-markets-purchased-airpark-plaza-a-204740-square-foot-retail-center-in-miami-where-it-serves-as-an-anchor-tenant-for-83-25-million","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2026\/10\/06\/publix-super-markets-purchased-airpark-plaza-a-204740-square-foot-retail-center-in-miami-where-it-serves-as-an-anchor-tenant-for-83-25-million\/","title":{"rendered":"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"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" src=\"https:\/\/lakelandgazette.info\/news\/wp-content\/uploads\/2023\/09\/publix.webp\" alt=\"\" class=\"wp-image-36093\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Transaction Overview<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Property:<\/strong> Airpark Plaza (spread across 12.6 acres and three parcels) <\/li>\n\n\n\n<li><strong>Location:<\/strong> 5705\u20135775 NW 7th St &amp; 720 NW 57th Ave, Miami, FL Traded.co<\/li>\n\n\n\n<li><strong>Purchase Price:<\/strong> $83,250,000 (~$407 per square foot) <\/li>\n\n\n\n<li><strong>Seller:<\/strong> Bethesda, Maryland\u2013based First Washington Realty (represented by CEO Alex Nyhan) <\/li>\n\n\n\n<li><strong>Buyer:<\/strong> Publix Super Markets (represented by CEO Kevin Murphy) <\/li>\n\n\n\n<li><strong>Co-Tenants:<\/strong> Burlington, TD Bank, First Watch, and The UPS Store <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Context &amp; Strategic Shift<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">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 estate.<sup><\/sup><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This purchase aligns with Publix&#8217;s aggressive strategy over the past decade to acquire the real estate under its stores rather than paying rent:<sup><\/sup><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Real Estate Ownership Expansion:<\/strong> In 2009, Publix owned just <strong>14%<\/strong> (144 of 1,014) of its store locations. Today, it owns roughly <strong>38%<\/strong> (over 550 locations). Commercial Observer<\/li>\n\n\n\n<li><strong>Control &amp; Stability:<\/strong> Buying the centers it anchors allows Publix to control operational costs, eliminate landlord lease negotiations, capture rental income from adjacent tenants, and safeguard prime retail footprint in high-density markets.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Transaction Overview Context &amp; 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&hellip; <\/p>\n","protected":false},"author":2,"featured_media":36093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"dois","default_image_id":71799,"font":"","enabled":true,"token":"eyJpbWciOiJodHRwczpcL1wvbGFrZWxhbmRnYXpldHRlLmluZm9cL25ld3NcL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjNcLzA5XC9wdWJsaXgud2VicCIsInR4dCI6IlB1YmxpeCBTdXBlciBNYXJrZXRzIHB1cmNoYXNlZCBBaXJwYXJrIFBsYXphLCBhIDIwNCw3NDAtc3F1YXJlLWZvb3QgcmV0YWlsIGNlbnRlciBpbiBNaWFtaSB3aGVyZSBpdCBzZXJ2ZXMgYXMgYW4gYW5jaG9yIHRlbmFudCwgZm9yICQ4My4yNSBtaWxsaW9uIiwidGVtcGxhdGUiOiJkb2lzIiwiZm9udCI6IiIsImJsb2dfaWQiOjE2MzA0MDY2MX0.3knHXzVsdO7Znoq8m_NuPK0rjuYlBj-zKQNMF4gx5A0MQ"},"version":2,"media_source":"sig","attached_media":[{"id":0,"url":"https:\/\/jetpack.com\/redirect\/?source=sigenerate&query=t%3DeyJpbWciOiJodHRwczpcL1wvbGFrZWxhbmRnYXpldHRlLmluZm9cL25ld3NcL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjNcLzA5XC9wdWJsaXgud2VicCIsInR4dCI6IlB1YmxpeCBTdXBlciBNYXJrZXRzIHB1cmNoYXNlZCBBaXJwYXJrIFBsYXphLCBhIDIwNCw3NDAtc3F1YXJlLWZvb3QgcmV0YWlsIGNlbnRlciBpbiBNaWFtaSB3aGVyZSBpdCBzZXJ2ZXMgYXMgYW4gYW5jaG9yIHRlbmFudCwgZm9yICQ4My4yNSBtaWxsaW9uIiwidGVtcGxhdGUiOiJkb2lzIiwiZm9udCI6IiIsImJsb2dfaWQiOjE2MzA0MDY2MX0.3knHXzVsdO7Znoq8m_NuPK0rjuYlBj-zKQNMF4gx5A0MQ","type":"image\/jpeg"}]},"_wpas_customize_per_network":false},"categories":[4],"tags":[17859],"class_list":["post-83614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-publix-super-markets-purchased-airpark-plaza"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/83614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=83614"}],"version-history":[{"count":1,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/83614\/revisions"}],"predecessor-version":[{"id":83615,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/83614\/revisions\/83615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/36093"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=83614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=83614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=83614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}