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Publix Pays $2.3M To assume Lease Of Closed Neptune Beach Lucky's Market

A rendering presented to the Neptune Beach Community Board in 2020 shows the proposed Publix at 580 Atlantic Blvd. in Neptune Beach.
VIA THE JACKSONVILLE DAILY RECORD
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A rendering presented to the Neptune Beach Community Board in 2020 shows the proposed Publix at 580 Atlantic Blvd. in Neptune Beach.

Publix Super Markets Inc. paid almost $2.3 million to assume the lease of the closed Lucky’s Market in Neptune Beach.

WJCT News partner the Jacksonville Daily Record reported Lucky’s Market Parent Company LLC, as a successor to Lucky’s Market Operating Company LLC, of Lafayette, Colorado, sold the assignment and assumption agreement for the store lease to Publix on May 21.

The sale is part of a bankruptcy deal for Publix to pay $11.5 million for five Florida leased stores in Neptune Beach, Naples, Clermont, Orlando and Ormond Beach.

The Lucky’s Market organic and natural foods stores chain declared Chapter 11 bankruptcy reorganization in January 2020.

Read the rest of this story at JaxDailyRecord.com.