$24m sale of Publix-anchored retail center in Jacksonville, Fla., MSA closes
Stiles Corporation and Cantrell & Morgan have sold Parkway Village at St. Johns, a newly constructed, 52,070-square-foot, Publix-anchored retail center with two outparcels leased to Heartland Dental and Starbucks in the Jacksonville MSA in St. Augustine, Fla.
A private buyer acquired the asset for $24.1 million.
The center was developed in 2022 by joint venture partners Stiles and Cantrell & Morgan.
The 35,413-square foot Publix at Parkway Village at St. Johns features the new Publix Unique concept, which includes high-end finishes throughout the store, a beer- and wine-tasting center, an enhanced deli section and a second-floor terrace with outdoor seating. In addition to Publix, the 100 percent-leased center is occupied by a mix of national and local retailers, including Supercuts, Orange Theory Fitness and The Loop.
Situated at International Golf Parkway and Commerce Lake Drive, the property is part of the World Commerce Center development, whi