Publix Super Markets Inc. is adding more real estate to its shopping cart.
“Publix has owned Publix-anchored shopping centers for years, so the concept is not new. Having said that, the number of centers that the company has purchased in the last 24 months has increased significantly,” said John Crossman, president of Crossman & Co., a retail-focused real estate firm that handles leasing for Publix.
Having a shopping center owner that is also a tenant is generally good for the upkeep and value of commercial real estate, though as the landlord Publix also gets to determine the tenant mix.
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