Branch Properties to Develop 67K-SF Publix-Anchored Shopping Center Near Pensacola
Metro Atlanta-based real estate investment firm Branch Properties and Merganser Enterprises have announced plans to move forward with the development of Publix-anchored shopping center Merganser Commons at Dogwood Estates in Milton, FL.
The 66,921-square-foot shopping center will be situated on a more than 11-acre land parcel and is slated for completion in April of 2022. The center will include a 46,811-square-foot Publix, the first in the area. The development will also contain two additional buildings totaling 20,110 square feet of retail space and will offer a 1.33-acre outparcel, accommodating up to 7,500 square feet. Located within the Pensacola/Santa Rosa County area, the shopping center will cater to the rapidly growing population, which increased 14.5% between 2010 and 2020.
“Publix choosing to add a Milton location to their Pensacola area portfolio is a testament to the long-term viability of the site and surrounding area,” said Jesse Shannon CIO at Branch Properties. “Merganser Commons will fill a void in the area and serve as a vital asset for the growing population in Milton.”
- ◦Development