Curated News
By: NewsRamp Editorial Staff
August 06, 2025
Bain Capital & 11North Acquire $395M Publix-Anchored Retail Portfolio
TLDR
- Bain Capital Real Estate and 11North Partners gain a strategic advantage by acquiring a high-occupancy, Publix-anchored retail portfolio in thriving Southeast markets for $395 million.
- The acquisition involves ten open-air retail centers, predominantly anchored by Publix, spanning over one million square feet with a 93% occupancy rate across Florida and South Carolina.
- This investment in essential retail spaces supports local economies and communities by ensuring access to grocery and necessity-based services in high-growth areas.
- Discover how a $395 million deal highlights the enduring appeal of grocery-anchored retail centers in dynamic markets like Tampa and Charleston.
Impact - Why it Matters
This acquisition highlights the growing investor confidence in grocery-anchored and open-air retail centres as resilient assets in the evolving retail landscape. For consumers, it means continued access to essential services and popular brands in thriving communities. For investors and industry watchers, it underscores the strategic value of properties anchored by strong grocery chains like Publix, which drive foot traffic and stabilize retail centres amidst changing consumer behaviors.
Summary
In a significant real estate transaction, a joint venture between Bain Capital Real Estate and 11North Partners has acquired a portfolio of ten open-air retail centres, primarily anchored by Publix stores, for approximately $395 million. This portfolio, located across Florida and South Carolina, includes the New Tampa Center, a key property sold for $57 million, and spans over one million square feet with a high occupancy rate of over 93%. The centres feature a mix of national brands, enhancing their appeal and resilience in the market.
The acquisition marks a strategic expansion for Bain Capital and 11North Partners into Florida, adding to their portfolio of grocery-anchored retail assets known for their stability and consumer loyalty. The New Tampa Center, serving a rapidly growing area with strong demographic indicators, exemplifies the quality and potential of these investments. This move reflects a broader trend in retail real estate towards properties that combine necessity-based tenancy with long-term demand drivers, positioning the joint venture for continued growth in essential retail sectors.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Bain Capital & 11North Acquire $395M Publix-Anchored Retail Portfolio
