Publix Super Markets Acquires Two Anchored Shopping Centers in Miami from First Washington Realty

Publix Super Markets Inc. has acquired two prominent shopping centers in Miami, Florida, from First Washington Realty (FWR), a Bethesda, Md.-based owner-operator. This strategic move involves properties where Publix already serves as the anchor tenant, indicating a direct investment in its operational footprint.

The acquired assets include Airpark Plaza, a substantial 171,443-square-foot retail center located near Miami International Airport at 5715 N.W. 7th St. The second property is The Shoppes at Quail Roost, a 73,550-square-foot center situated on Miami’s south side at 20201 S.W. 127th Ave. Both shopping centers were fully leased at the time of sale, underscoring their stability as income-generating assets. While the sales price was not disclosed, the transaction highlights a trend of major retailers consolidating ownership of their anchored properties. For real estate developers and investors, this demonstrates the continued value of well-located, grocery-anchored retail centers, particularly when a strong tenant like Publix opts for direct ownership.