Publix shopping spree continues in Wellington

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Publix has stepped up the pace of its real estate acquisitions in Palm Beach County, dropping $52.8 million on a shopping center in Wellington.

The state’s dominant grocer last week bought the Courtyard Shops on Wellington Trace, according to a deed made public this week. Publix also paid $18.7 million for a shopping center in Jupiter.

Opting to own rather than rent its space, Publix has been snapping up properties such as this one in West Palm Beach.

In 2006, Publix Supermarkets owned less than 11 percent of its stores. By the end of 2014, Florida’s dominant grocer owned nearly 23 percent of its locations, according to a Palm Beach Post analysis of Publix’s annual reports.

 

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