TSCG, acting as exclusive agent on behalf of the Owner, is proud to offer Newberry Square in Gainesville, Florida (the “Property”) for sale. Newberry Square totals 180,524 square feet (“SF”) and is anchored by Publix Supermarkets and Floor & Decor. The Property offers investors an incredible and unique upside opportunity through the future re-leasing of the Publix store if the tenant relocates to a planned adjacent mixed-use development. Publix’s store is 39,795 SF and has primary term remaining at below market rent. Furthermore, Newberry Square is presently 91.5% leased while there is no available retail space in the trade area among grocery-anchored shopping centers. The Property was built in 1986 and is being offered free of any financing.
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