JRW Realty Closes $19M All-Cash Deal for Publix Center in Madison, AL
JRW Realty has closed a $19-million, all-cash transaction for a multi-tenant retail center anchored by Publix Super Markets in Madison, AL.
The property closed at contract price without a financing contingency in 18 days after going under contract. It is 92% occupied by Publix, Goodwill, ATI Physical Therapy and other national or regional tenants.
The retail center met the acquisition criteria of JRW Realty’s exclusive all-cash buyers, who had a strong appetite for acquiring grocery-anchored multi-tenant shopping centers and individual net-leased properties backed by essential businesses with creditworthy metrics.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.