Madison, DDRM Sell Nine-Property, Publix-Anchored Portfolio in Florida, Georgia

by Camren Skelton

Lakeland, Fla. — Lakeland-based Publix Super Markets has purchased a portfolio of nine Publix-anchored shopping centers from Madison International Realty and DDRM Properties, an affiliate of DDR Corp.

The sales price was not disclosed. The 732,000-square-foot portfolio includes eight shopping centers in Florida: Paraiso Plaza in Hialeah, Crystal Springs in Crystal River, Lakewood Ranch Plaza in Bradenton, Plaza Del Paraiso in Miami, Shoppes at Lithia in Valrico, Southwood Village in Tallahassee, Shoppes of Citrus Hill in Hernando and Bardmoor Promenade in Largo. The portfolio also includes Shoppes at Lake Dow in McDonough, a southern suburb of Atlanta. 

In 2017, Madison and DDR recapitalized a 52-property portfolio of grocery-anchored shopping centers that DDR Corp. previously owned with other partners for $1.05 billion. Following the nine-property sale, DDRM Properties now has 43 assets spanning 6.3 million square feet left from the original portfolio. 

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