- The 127K square-foot Courtyard Shops at Wellington - a grocery-anchored center in Palm Beach County - sold for $52.8M. Federal Realty (NYSE:FRT) acquired the property in 2008 and boosted the value by activating formerly vacant space and outparcels.
- The sale generated a book gain north of $15M.
- Source: Press release
Federal Realty Trust closes sale of Florida shopping center
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| Symbol | Last Price | % Chg |
|---|---|---|
| FRT | - | - |
| Federal Realty Investment Trust | ||