Publix buying spree bags Boca Raton shopping center for $83M

Publix added another South Florida shopping center anchored by one of its stores to the grocer’s growing portfolio, dropping $83 million for a retail site in Palm Beach County. An affiliate of Lakeland-based Publix, led by CEO Kevin Murphy, acquired Polo Club Shops at 5050 Champion Boulevard, records show. The grocery chain paid $616 per square foot for the 134,800-square-foot retail plaza, and $32 million above the previous sale price a decade ago.  An affiliate of Atlanta-based Jamestown, led by Matt Bronfman, was the buyer. Jamestown paid $50.6 million a decade ago for Polo Club Shops, which was completed in […]This article originally appeared on The Real Deal. Click here to read the full story.