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February 3, 2015

News Press – Publix pays $14.4M for Shops at Verandah

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Publix Supermarkets Inc. purchased The Shops at Verandah on Palm Beach Boulevard in Fort Myers for $14.4 million. It’s the latest in a series of recent purchases in Southwest Florida designed to take advantage of the huge grocery store chain’s low cost of capital, a local real estate broker said.

Baltimore-based Continental Realty Corp. sold the 73,000-square-foot, Publix-anchored shopping center to Publix.

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