Publix Acquires Daniels Crossing Retail Center in Fort Myers in Grocery-Anchored Real Estate Deal
FORT MYERS, Fla. — Publix Super Markets, Inc. has acquired Daniels Crossing, a 110,780-square-foot grocery-anchored neighborhood shopping center in Fort Myers, Florida, according to an announcement from JLL. The seller was a joint venture between Forge Capital Partners and The Sembler Company.
JLL Capital Markets represented the seller in the transaction. The investment and sales advisory team was led by Danny Finkle and Jorge Portela.
Retail Real Estate Acquisition Details
Daniels Crossing is located at the intersection of Daniels Parkway and Six Mile Cypress in Fort Myers. The center sits at a high-visibility infill location with combined daily traffic counts exceeding 100,500 vehicles. The property was 100% leased at the time of sale.
Tenants at the center include a newly redeveloped Publix prototype store, Quest Diagnostics, Hope Chest Hospice, Millennium Physicians Group and The UPS Store. The trade area within a five-mile radius encompasses more than 147,000 residents with an average household income of $113,000, according to JLL.
No sale price, cap rate or financing terms were disclosed in connection with the transaction.
Broker Commentary
"The sale of Daniels Crossing demonstrates continued strong investor demand for grocery-anchored retail assets with institutional-quality anchor tenants and mark-to-market potential," said Danny Finkle of JLL Capital Markets. "The property's dominant position in one of Florida's fastest-growing markets, combined with the newly rebuilt Publix prototype store, made it an attractive acquisition."
About the Firms Involved
Forge Capital Partners is a commercial real estate investment and investment management company specializing in socially responsible projects throughout the Southeast. Since 2000, Forge and its principals have executed more than $1 billion in retail and multifamily real estate transactions across five closed-end private equity funds.
The Sembler Company, founded in 1962 and headquartered in St. Petersburg, Florida, is a family-owned commercial real estate firm offering development, redevelopment, acquisition, leasing and property management services. The company has completed more than 350 developments totaling 29 million square feet.
JLL Capital Markets is a global provider of capital solutions for real estate investors and occupiers, with more than 3,000 specialists in offices across nearly 50 countries. JLL (NYSE: JLL) reported annual revenue of $26.1 billion and operates in more than 80 countries as of March 31, 2025.