 |
| Kimberly Flores |
MIAMI, FL – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $53.5 million sale of Wellington Green Commons, a
112,354-square-foot, Whole Foods-anchored retail center in Wellington, a
village in Palm Beach County, Florida.
HFF marketed the property on behalf of the seller, Schmier
& Feurring Properties. Weingarten
Realty Investors purchased the asset.
Built in two stages in 2008 and 2010, Wellington Green
Commons is comprised of the 96,774-square-foot shopping center that contains
the Whole Foods Market, inline shops, AT&T outparcel and an undeveloped pad
site in addition to a 15,580-square-foot outparcel with Chili's Grill &
Bar, Macaroni Grill and BP Amoco/Dunkin Donuts.
The property is 98.49-percent leased, and tenants of the
inline shops include Jason’s Deli, Moe’s Southwest Grill, Massage Envy Spa,
Orange Theory Fitness, AmTrust Bank, Posch Boutique and My Community
Pharmacy.
Situated on 30.1 acres at
2525, 2545-2665 and 2741 South State Road 7 in eastern Wellington, the asset is
adjacent to the 1.3 million-square-foot Mall at Wellington Green.
 |
| Daniel Finkle |
In 2014, within a
three-mile radius of the property, there were 57,315 residents with an average
annual household income of nearly $90,000 with 30 percent of residents with
annual household incomes exceeding $100,000.
The HFF team representing the seller was led by senior
managing director Daniel Finkle,
managing director Luis Castillo,
associate director Nat Scarmazzi and
director analyst Kim Flores.
For a complete copy
of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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