Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $19.425 million sale of the Shoppes of Wellington Green, a 130,836-square-foot community shopping center with multiple national anchors in the Palm Beach County community of Wellington, Florida.

HFF marketed the property on behalf of the seller, special servicer LNR Partners LLC. A private investor out of New York purchased the retail center free and clear of financing.

Shoppes of Wellington Green is anchored by Barnes & Noble, hhgregg and Pier 1 Imports. Additional tenants of the center include Panera Bread, Starbucks, The Vitamin Shoppe and La Granja Wellington. Situated on 15.3 acres at 10500-10590 Forest Hill Boulevard, the center is located at the intersection of Forest Hill Boulevard and Wellington’s Edge Boulevard, which has combined traffic counts of approximately 44,500 vehicles daily. Additionally, Shoppes of Wellington Green is across the street from the 1.2 million-square-foot super-regional Mall at Wellington, the 10th largest mall in Florida. The center is in one of Palm Beach County’s most coveted retail submarkets and in an affluent area; more than 68,000 residents earning an average annual household income of more than 103,000 live within a three-mile radius of the center.

The HFF team that represented the seller was led by managing director Luis Castillo, director Eric Williams and senior managing director and co-head of HFF’s retail practice Daniel Finkle. John Mitchell, senior vice president of LNR Partners, represented the seller in the transaction.

“The opportunity to acquire a high-quality shopping center with a significant value-add opportunity in an affluent South Florida market is rare,” Castillo said. “Investors immediately recognized the intrinsic value in Shoppes of Wellington Green, creating an intense marketing process for the property.”

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.