Murphy Land and Retail Services Inc. represented PEBB Enterprises and Falcone Group as they paid $4.95 million Aug. 4 for 14.88 acres surrounding the Publix Super Markets Inc. store in the Beachwalk community in St. Johns County, according to President Clint Murphy.
They plan more retail, medical and restaurant space.
PEBB and Falcone plan to develop 65,000 square feet to complement the 48,400-square-foot Publix and 10,500 square feet of in-line retail space at the 855 County Road 210 W. site.
The project will include up to six outparcels with an additional 35,000 square feet of medical and retail proposed southwest of the Publix.
Murphy Land and Retail Services also represented PEBB in its acquisition of the Publix site July 10.
Construction of the Publix-anchored center is expected to be completed by summer 2021.