Publix Purchased Airpark Plaza for $83.3 Million
The grocery chain acquired the Miami shopping plaza to gain control of its own store location.
Updated on Sept. 30, 2026 in Commercial
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Publix Super Markets has finalized the purchase of the 204,740-square-foot Airpark Plaza at 5705 Northwest Seventh Street. The move is part of a larger strategy by the grocer to own the real estate beneath its anchor stores.
Why it matters
Owning the land provides the grocer stability and control over the sites where it operates, a priority as the company continues to aggressively expand its property portfolio across Florida.
Publix paid $407 per square foot for the plaza, contributing to a total of $409.8 million spent on shopping center acquisitions across Florida over the past two years. The property's value has surged significantly since its last sale in 2008 for $32.9 million.
The players
Publix Super Markets
The grocery chain that acquired the shopping center to control its own store real estate.
First Washington Realty
The previous owner that sold the Airpark Plaza property.
The details
Publix acquired the seven single-story buildings from First Washington Realty. By securing ownership of the plaza, the company ensures it holds the lease and operational control of its anchor store location. Other major tenants including Burlington and Alain's Design Furniture remain at the center.
Timeline
The site last sold in 2008 for $32.9 million.
Publix completed the purchase of Airpark Plaza on September 30, 2026.
Beyond the 305
This deal follows a broader trend of major grocery retailers shifting toward vertical integration by purchasing their own shopping centers to guarantee store longevity. It mirrors similar recent acquisitions by the chain, including those in Boynton Beach, as it secures its footprint in key markets.
For shoppers at the 5705 Northwest Seventh Street plaza, the change in ownership means the grocer is now your landlord. While day-to-day store operations are expected to continue as usual, the purchase shifts the management of the surrounding storefronts to the grocery chain.
The takeaway
The transition of Airpark Plaza to owner-occupied status indicates a long-term commitment to this specific neighborhood location. Keep an eye on local property records for any future changes to anchor tenant leases or site redevelopments at this plaza.
Further reading
Learn more about the latest Commercial trends affecting property owners and businesses in the city.
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