MIAMI—Wellington Green Commons, an 112,354-square-foot, Whole Foods-anchored retail center the Palm Beach County, FL city of Wellington, just traded hands. The sale price was $53.5 million.

HFF senior managing director Daniel Finkle, managing director Luis Castillo, associate director Nat Scarmazzi, and director analyst Kim Flores marketed the property on behalf of the seller, Schmier & Feurring Properties. Weingarten Realty Investors purchased the asset.

“Wellington Green Commons is one of South Florida's premier grocery-anchored centers with the highly desirable combination of dynamic tenancy, affluent demographics, and a prime location on the market's primary commercial corridor,” Finkle tells GlobeSt.com. “Opportunities of this quality in South Florida are rare and Wellington Green Commons should remain a dominant and highly productive center for years to come.”

Built in two stages in 2008 and 2010, Wellington Green Commons includes the 96,774-square-foot shopping center is home to Whole Foods Market, inline shops, AT&T outparcel. It also includes an undeveloped pad site in addition to a 15,580-square-foot outparcel component with Chili's Grill & Bar, Macaroni Grill and BP Amoco/Dunkin Donuts. 

The retail property is 98.49-% leased. 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. 

Wellington Green Commons sits on 30.1 acres at 2525, 2545-2665 South State Road 7 and 2741 South State Road 7 in eastern Wellington. The asset is next to the 1.3 million-square-foot Mall at Wellington Green.

In 2014, within a three-mile radius of the property, there are 57,315 residents with an average annual household income of nearly $90,000. Thirty percent have residents with annual household incomes exceeding $100,000.