Publix Super Markets continued its mad tear of real estate deals in South Florida with the $45 million purchase of Hillsboro Square in Deerfield Beach.
DDRTC Hillsboro Square, an affiliate of Beachwood, Ohio-based shopping center developer DDR Corp. (NYSE: DDR), sold the 138,572-square-foot center at the southeast corner of U.S. 1 and Hillsboro Boulevard to Real Sub, a subsidiary of the Lakeland-based grocer. The deal equates to $325 per square foot.
Carson Good with Jones Lang LaSalle represented the seller in the deal.
Hillsboro Square was built on the 14.35-acre site in 2002. It last traded that same year for $19.17 million.
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