Southeast Centers, PGIM JV sells 16-property retail portfolio for $223.85M ($358.45psf) to Publix Super Markets

9/6/2024

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CPE

• Subcategory: Office: Suburban, Retail: Shopping

• Tag: Sale

• Additional Filters-Subcategory: Office: Garden, Retail: Community Center, Retail: Free Standing, Retail: Gas Station, Retail: Grocery, Retail: Grocery Anchored, Retail: Neighborhood Center, Retail: Pharmacy, Retail: Restaurant-Fast Food-Drive Thru

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

• Company: PGIM Real Estate (Prudential), Publix Super Markets Inc., Walgreens (NASDAQ: WBA), McDonald's (NYSE: MCD), Jones Lang LaSalle (NYSE: JLL)

PGIM Real Estate, in conjunction with Southeast Centers, has sold a seven-property retail portfolio totaling 608,314 square feet across several Florida markets. Publix purchased the grocery-anchored assets for $223.9 million, public records show. JLL brokered the transaction, working on behalf of the seller. The portfolio was 97 percent leased at the time of closing.