FIRM BREAKS GROUND ON PUBLIX-ANCHORED SHOPPING CENTER

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FLAGLER BEACH, FLA. — North American Properties has broken ground on the 88,000-square-foot Beach Village shopping center, located at the intersection of State Road 100 and Roberts Road in Flagler Beach. Anchored by a 45,600-square-foot Publix, the property features 18,000 square feet of retail space and five outparcels. The 16.86-acre development is expected to generate 250 jobs. The center is slated to deliver by next summer. North American Properties is also developing Publix-anchored shopping centers in Sarasota and Vero Beach, Fla., which will open in 2009 and 2010, respectively.

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