IRC Retail Centers, MAB American Retail to Develop Publix-Anchored Shopping Center in Metro Pensacola

GULF BREEZE, FLA. — IRC Retail Centers and joint venture partner MAB American Retail Partners LLC have purchased 16 acres along U.S. Highway 98 in the Pensacola suburb of Gulf Breeze for the development of a Publix-anchored shopping center. The 66,000-square-foot property, known as Tiger Point Pavilion, will feature a 45,600-square-foot Publix grocery store, 1,400-square-foot Publix Liquors store, additional inline retailers and three freestanding pad buildings on the site. The development will be situated adjacent to a Lowe’s Home Improvement store and a Walmart Supercenter. The IRC-MAB joint venture has developed other Publix stores in the Southeast, including Shoppes at Rainbow Landing in Rainbow City, Ala., Weaverville Plaza in Weaverville, N.C.; and Midtown Mobile in Mobile, Ala. Construction of Tiger Point Pavilion is expected to kick off in the next few weeks and wrap up in the first quarter of 2018.