Publix Super Markets is picking up where it left off in 2015 by buying another retail center it anchors. The new $28 million investment is for the Palm Lakes Plaza on West Atlantic Boulevard in Margate. Built in 1981 and sitting on a 12.6 acre site, the 113,752 square-foot center traded for just over $246 per square foot. The seller, Stockbridge Capital Group paid $15.1 million for the center in 2013. Current tenants in the center include CVS, Starbucks, Five Guys Burgers and Fries, BB&T, First Bank Florida. In 2015, Publix announced it would invest $1.3 billion in real estate, building new stores and technology during 2015.
