Publix Super Markets buys Kingsway Crossing retail center

By Business Observer Staff
| 10:00 a.m. July 18, 2014
| 0 Free Articles Remaining!

Tampa Bay-Lakeland

BUYER: Publix Super Markets Inc., Lakeland
SELLER: Valrico Lake Brandon LP
PROPERTY: 1231 Kingsway Road, Brandon
PRICE: $8.2 million
PREVIOUS PRICE: $10.55 million, January 2004

PLANS, DESCRIPTION:
Publix Super Markets Inc. purchased the 63,779-square-foot Kingsway Crossing retail center north of State Road 60 for $8.2 million.

The price equated to $129 per square foot. That figure is lower than the two-year average price per square foot for retail space ($138) in the Tampa Bay area, according to the CoStar Group.