Publix Pays $ 2.3 Million to Rent Closed Neptune Beach Lucky’s Market | Jax daily record | Jacksonville Daily Record
Publix Super Markets Inc. paid nearly $ 2.3 million to lease the closed Lucky’s Market in Neptune Beach.
Lucky’s Market Parent Company LLC, succeeding Lucky’s Market Operating Company LLC, Lafayette, Colorado, sold the store lease assignment and acquisition agreement to Publix on May 21st.
The sale is part of a bankruptcy deal for Publix to pay $ 11.5 million for five Florida stores in Neptune Beach, Naples, Clermont, Orlando and Ormond Beach.
The organic and natural food chain Lucky’s Market declared Chapter 11 bankruptcy reorganization in January 2020.
In March 2020, the company announced 23 of its closed stores and a distribution center valued at $ 29 million. The US bankruptcy court for the Delaware district upheld an amended liquidation plan on December 31st.
When Lucky’s Market explained Chapter 11, he had about 16 years left on a 20-year lease in Neptune Beach.
Publix agreed to take over the lease and to extend the terms until April 30, 2040 with extension options.
The deal means Publix stores on 580 Atlantic Blvd., formerly Lucky’s Market, and the larger existing store on 630 Atlantic Blvd.
Lucky’s had two stores in northeast Florida, Neptune Beach and Oakleaf. Lucky’s did not announce a bid for the Oakleaf Store at 8380 Merchants Way on March 27, 2020.
Publix has submitted plans to open a store at Neptune Beach, which is almost next to one of its existing supermarkets.
That means Publix stores are almost side by side on 580 Atlantic Blvd., formerly Lucky’s Market, and the larger existing store on 630 Atlantic Blvd.
The former Lucky’s Market is 29,810 square meters and is only 150 meters from the existing 54,310 square meter Publix.
The former Lucky’s Store will be outfitted with some of Publix’s GreenWise Market features, including coffee, beer and wine service for shoppers.
GreenWise is Publix’s natural and organic food brand.
“Our Neptune Publix will be a traditional Publix location with an outdoor seating area, and yes, the POURS location from our GreenWise Market location,” said Maria Brous, Publix Director of Communications in an email dated Jan.
“We always strive to provide the best service to our customers and communities. If companies have more than one location in close proximity, we will take this opportunity to reduce congestion in one location and provide easy access for customers at each location, ”she said.