Grove Park Shopping Center in Lakeland has been sold. The 120K square-foot Publix-anchored center has served Polk County for more than 60 years.
The center is fully leased and continues to perform at a high level with Publix, CVS, Dollar Tree and Humanitary Medical Center as its anchors.
Publix rebuilt its store in 2019, giving the center a fresh footprint and reinforcing long-term stability.
This sale matters because Publix-anchored retail remains one of the strongest asset classes in Florida, at a time when investors are placing a premium on predictable income and daily-need traffic.
What happened
Cushman & Wakefield announced the successful sale of Grove Park Shopping Center in Lakeland. The center was originally developed in 1960 by Publix founder George Jenkins as a model for a new kind of neighborhood shopping center.
The property totals 120,150 square feet and is 100% leased. Publix rebuilt its store in 2019. This upgrade reinforced the center’s long-term stability and strong income profile.
The tenant mix includes CVS, Dollar Tree and Humanitary Medical Center.
READ: 324-unit luxury community planned for Brandon
Mark Gilbert, Vice Chair at Cushman & Wakefield, said the center is now known for its strong anchors and a refreshed design that aligns with the Lakeland market’s growth.
Cushman & Wakefield represented the seller, Longpoint Partners. The buyer is a private entity tied to Daniel Halberstein.
What’s happening now
Grocery-anchored retail continues to outperform most segments in Florida.
Publix leases are viewed as some of the safest income streams in the state, which has pushed investor interest toward centers with strong sales, long lease terms and infill locations.
READ: Tampa physician turns personal pain into a mission to heal
Lakeland’s steady population and job growth have added to that momentum. Grove Park serves as a daily needs hub for nearby residents and remains well-positioned as the area expands.
What this means for you
If you invest in commercial real estate, this sale reinforces that grocery-anchored centers remain a top target, especially those with Publix.
These assets continue to trade competitively because they offer stability even as interest rates reshape the market.
READ: UTampa moves ahead with new riverfront science building
If you are a developer or landlord, the deal highlights the value of infill retail with strong anchors and consistent foot traffic.
If you are a local business leader, it signals continued growth in Lakeland’s retail and residential base.
Takeaway
Grove Park Shopping Center is the type of retail asset investors want in Florida because it offers stability, a high-performing Publix and an infill location in a growing market.
The sale provides another data point that grocery-anchored retail remains one of the most durable sectors in commercial real estate.
Stay Connected
