The buyer is a client of Prudential Real Estate. The seller,Boca Raton-based Birch Development Ltd., was represented by WestPalm Beach-based RJS Realty Group, which was the sole broker in thetransaction. RJS Realty president Bob Sullivan and managingdirector Steve Miskew arranged the transaction. "The seller built ahighly attractive asset to the capital markets," Sullivan tellsGlobeSt.com. "There is a high demand for quality retail centers sothe seller wanted to take advantage of the market. The sales pricein excess of $400 per sf evidences the continued strongdemand."

The property is located adjacent to the 1.3 million-sf Mall atWellington Green and is one-half mile west of the southwest cornerof Forest Hill Boulevard and State Road 7. Built in 2006, tenantsin the 100% occupied property include Fresh Market, BassettFurniture Direct, Kirkland's Home and City Mattress.

"This newly built property is a very attractive asset in ahighly visible and heavily trafficked location," Miskew says. "Thecenter enjoys excellent exposure, with over 1,000 feet of frontageon Forest Hill Boulevard, directly in front of the mall."