Publix to buy Related Ross dev site in West Palm Beach
Publix is buying a downtown West Palm Beach development site from Related Ross in the grocer’s latest maneuver as a major South Florida retail real estate investor. The Lakeland, Florida-based chain, led by CEO Kevin Murphy, is under contract to buy 2.3 acres from affiliates of Related Ross to develop a roughly 40,000-square-foot store with covered parking, the South Florida Business Journal reported. In 2022, billionaire Steve Ross’ firm assembled the properties at 210 North Sapodilla Avenue, 606–622 Second Street, 248–252 North Rosemary Avenue and 605–621 Banyan Boulevard through a series of deals totaling $15 million, records show. Publix wants […]This article originally appeared on The Real Deal. Click here to read the full story.
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