An affiliate of Apollo Global Management has sold River Bridge Centre, a 229,781-square-foot, market-dominant community shopping center anchored by Publix in West Palm Beach, Fla.
Publix Super Markets, Inc. acquired the center for $56.5 million.
River Bridge Centre opened in 1986 and was most recently renovated in 2005. The value-add, 86.3-percent-occupied property is anchored by a high-volume Publix and is home to a complementary mix of leading national retailers, including Ross Dress for Less, Crunch Fitness, Five Below, Ace Hardware, Chipotle, MD Now Urgent Care, Humana and Pizza Hut. With more than 2.6 million visitors a year, the center is within the 94th percentile of shopping centers within a 15-mile radius.
Positioned on 28.4 acres at 6714-6868 Forest Hill Blvd., River Bridge Centre is in an infill location with visibility to about 83,500 vehicles per day. The property also has nine outparcels, two of which are included in the sale, that drive consistent
