Publix Super Markets has purchased another retail center it anchors, picking up Hillsboro Square in Deerfield Beach for $45m. Located on a 14.35-acre site at the southeast corner of U.S. 1 and Hillsboro Boulevard, the 138,572-square-foot center traded for just under $325 per square foot. The acquisition includes four properties: the 126,042 square-foot main shopping center at 150 S. Federal Highway, a 1,674 square-foot Starbucks building at 130 S. Federal Highway, a 9,792 square-foot SunTrust Bank branch/office at 110 S. Federal Highway, and a 1,064 square-foot retail building behind the Publix at 199 S.E. 12th Ave. The seller, an affiliate of the shopping center developer DDR Corp., bought the asset in 2002 for $19.17 million.
