Miami-based family office American Commercial Realty Corp. has received $10.9 million in financing for the redevelopment of Pearl Britain Plaza, a Publix-anchored neighborhood shopping center in the central Florida community of Ocala, Fla.
The developer has plans to demolish the existing Publix building at Pearl Britain Plaza that was constructed in 1991 and build a new 48,387-square-foot Publix supermarket with a drive-through pharmacy anchoring the rebuilt 77,637-square-foot retail center. Publix has the No. 1 grocery market share in Florida. The redeveloped retail center will have improved visibility and access from all adjacent roads as well as a new façade, lighting and landscaping. All the existing tenants have shown their commitment to the project post-renovation by contracting to stay at Pearl Britain.
Located at the intersection of NE 35th Street and NE 25th Avenue, Pearl Britain Plaza is in Ocala, which is approximately 85 miles north of Orlando and 90 mile
