Riverside Publix shopping center sold for $17.5 million

A San Francisco-based real estate investment management firm purchased the property.


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  • | 2:39 p.m. August 9, 2021
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The Riverside Publix at 2033 Riverside Ave.
The Riverside Publix at 2033 Riverside Ave.
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The Publix supermarket-anchored shopping center in Riverside sold for $17.5 million July 23 to a San Francisco-based company, according to a deed recorded with the Duval County Clerk of Courts on Aug. 5. 

Stockbridge Capital Group purchased the property through SCG Riverside Market LLC from LF2 Riverside LP, managed by West Palm Beach-based North American Development Group. 

The 28,857-square-foot store at 2033 Riverside Ave. was built in 2002. 

It is one of the grocery chain’s smaller stores, with most Publix locations at 40,000 to 50,000 square feet. 

The property includes the two retail and restaurant strips along Margaret Street and Riverside Avenue that add 9,000 square feet and 5,700 square feet.

It sits on 2.89 acres. 

Tenants include Starbucks, Tijuana Flats, Publix Liquors, The UPS Store, Papa John’s Pizza, Happy Nails Feet & Tan, Sushi Cafe and China Joy 81.

The center last sold in 2010 for $8.675 million.

 

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