Nuveen Real Estate sells Publix-anchored shopping center to Mount Vernon Company
United States, Sept. 14 -- JLL Capital Markets announced that it has completed the sale of Promenade Shopping Plaza, a 207,877-square-foot Publix-anchored neighborhood shopping center in Palm Beach Gardens, Florida, to The Mount Vernon Company of Boston. The landmark transaction is the largest grocery-anchored shopping center sale in northern Palm Beach County in more than five years.JLL represented the seller, Nuveen Real Estate, in the transaction. Promenade is the first major shopping center acquisition in South Florida for The Mount Vernon Company, a leading New England developer and owner with a 40-year track record. Built in 1989 and featuring a completely rebuilt Publix prototype store that reopened in May 2025, Promenade Shopping Pl...
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