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

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

TRD MIAMI /
Mar.March 01, 2019 12:30 PM

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.

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.


Related Articles

arrow_forward_ios
Daily Digest Miami

How Epstein hid ownership of second island, CK Holding Group buys Miramar retail: Daily digest

Daily Digest Miami

Felix Cohen buys two vacant lots on North Bay Road, Controversial Walmart site in Midtown Miami sells for $26M: Daily digest

Daily Digest Miami

Alleged Russian fraudster is co-owner of condo project in Chapter 11, Miami Design District property under contract: Daily digest

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

arrow_forward_ios