WEST PALM BEACH, FL-Woolbright Development snapped up Village Commons shopping center for an undisclosed amount. The company will oversee the leasing, property management, construction, marketing and promotions.

“Village Commons is a great center with a very appealing location and a strong tenant mix. It also offers the potential for improvement in leasing and its aesthetic appearance,” says Jorge Morell, vice president of Woolbright. “Our immediate goals are to fill the vacancies and invest in the overall appearance and atmosphere at the center. In addition to making the center more attractive, we will roll out our marketing programs to assist the tenants in growing their businesses.”

Located at 701-971 Village Blvd. northwest of Palm Beach Lakes Blvd., the 169,000 square-foot Village Commons is a Mediterranean-style open-air center anchored by Publix and CVS. Starbucks, Panera Bread, Coldstone Creamery, PNC Bank, Duffy’s Sports Bar and Grill are also tenants. Despite the challenging economic climate that has plagued Florida; the center’s strengths have played a role in merchants’ success.