The Real Deal Miami

Wellington buys 2-acre office complex for $5M

January 07, 2014 03:00PM

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lake-wellington

12230 West Forest Hill Boulevard in Wellington

The village of Wellington acquired a two-acre office building known as Lake Wellington Professional Center.

Village officials plan to rent out the offices at 12230 West Forest Hill Boulevard over the next few years before later allowing for senior programs and state legislator offices to occupy space there. The site features 23,000 square feet of office space. After multiple appraisals, the village approved by a 4-1 vote last month the purchase price of $5 million.

Former Palm Beach County Commissioner Ken Adams, the seller of the property, donated $1 million from the sale to the public-use fund for Wellington, the Palm Beach Post reported. The council aims to decide how to spend the funds after the proposed budget for year has been created. [Palm Beach Post]Mark Maurer

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