Publix Snatches Up Real Estate Across Florida

Naples Daily News released an article highlighting the recent efforts of Publix to purchase mass amounts of real estate across Florida. According to a local news source, the supermarket chain has spent $86 million for six grocery stores in Southwest Florida over this past year. But that's not all. Publix also has plans to shell out an additional $1.3 billion to purchase more property, establish new stores, and renovate existing ones.

Currently, Publix manages 1,098 stores. These new additions certainly appear to be profitable for the company as a whole. A spokesman for the company referred to Publix's financial standings as healthy and said it is for this reason that they can capitalize on new real estate.

Just in the last few weeks, Publix has spent almost $60 million on current stores in Tampa, Miami, and Fort Myers. Publix is constantly looking toward the future and wants to make the most of every opportunity that would benefit their customers. Reports shows that Publix made $30.6 billion in sales in 2014.

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Categories: Real Estate