Publix continues shift toward owning rather than renting stores

A very large inflatable grocery bag in front of the new Publix in the Belmont Plaza at 500 Belvedere Road in West Palm Beach, December 12, 2015. (Greg Lovett / The Palm Beach Post)

Publix continues to load up on real estate. The state’s dominant grocer now owns 25.9 percent of its stores, up from 22.9 percent at the end of 2014 and only 10.7 percent a decade ago, according to an annual report released this week.

As Publix has ramped up its shopping spree, it spent $52.8 million in November on a shopping center in Wellington.

Publix has been tight-lipped about its real estate strategy, but the grocer long has been known for creating value in the centers where it operates.

Reader Comments 0

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Basic HTML is allowed. Your email address will not be published.

Subscribe to this comment feed via RSS