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South Florida

Fresh Market-anchored shops in Wellington sell for $26M

Tenants include Mellow Mushroom, Pei Wei Asian Diner and City Mattress

Wellington Green Square
Wellington Green Square

A Fresh Market-anchored shopping center in Wellington sold for $26.13 million.

Salus Wellington Green Square, managed by an RREEF executive, sold the 90,341-square-foot property at 10640 West Forest Hill Boulevard for $289 per square foot, records show. The shopping center, near the Mall at Wellington Green, is also leased to Mellow Mushroom, Pei Wei Asian Diner and City Mattress.

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Shawnick Wellington, an Irvine, California-based company managed by Dr. Esmail Shahidi, acquired the property. It financed the deal with a $16 million loan from State Life Insurance.

Recently, JBL Asset Management bought the nearby Plaza at Wellington Green for $18 million from a Colorado real estate investor. The retail center is part of nearby Wellington Green Mall, a 1.28-million-square-foot super regional shopping center anchored by Macy’s, Nordstrom, Dillard’s and JCPenney.

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Commercial Real Estate