Fountains of Boynton Acquired by Publix | Real Estate Services M&A Deal

Publix has completed the acquisition of Fountains of Boynton, a commercial brokerage business in Florida, for $78 million. Publix acquisitions focus on operating and expanding grocery-anchored retail real estate, with the shopping center located in Boynton Beach. The Fountains of Boynton acquisition supports Publix’s strategic acquisition strategy by adding a high-traffic commercial asset in South Florida. The add on acquisition is a strategic acquisition by a strategic buyer, with the deal status closed and total consideration reported at $78 million.