Publix outparcel in Clermont sold at auction for over $2 million

Winter Park-based Battaglia Group used the auction route to sell a vacant outparcel at a Publix-anchored shopping center in the Four Corners area of Lake County.

The transaction hasn't closed yet, but Saunders Auctions President John Haney told GrowthSpotter the sale is pending for just over $2 million. The 6.2-acre tract is on U.S. 27 at the entrance to Golden Eagle Village, about 2 miles north of U.S. 192.

Saunders, a division of Lakeland-based CBC Saunders Real Estate, held the auction Oct. 4 as part of a 192-acre, six-parcel offering. 

"There were multiple bidders for this property," Haney said. "We've got a couple of other parcels in negotiations, including the 2.3 acres that adjoins this parcel."

Both lots are zoned for commercial development and could be subdivided, Haney said.

Golden Eagle Village was Battaglia Group's first Publix-anchored shopping center. The nearly 65,000-square-foot project was completed in 2011 and sold three years later for $9.45 million. The developer kept the undeveloped outparcels.

The shopping center was sold again in 2016 for $11.2 million to Phillips Edison & Company, a Cincinnati-based grocery store REIT. 

"The Clermont market appears to be strong," Haney said. "We have a lot of buyer interest for the area."  

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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