PALM BEACH, FL—MMG Equity Partners and Global Fund Investments acquired
Whitworth Farms for $11.2 million. The 88,424 square-foot Publix-anchored center is in Boynton Beach, FL.
Built in 2008, the center is located in a high-growth corridor on Hagan Ranch Road, just east of the Florida Turnpike, between Boynton Beach Boulevard and Atlantic Boulevard. According to MMG's research, 56,000 people live within a three-mile radius of the center, with an average household income in excess of $87,000.
“The center was constructed using the highest architectural and design standards providing great curb appeal,” MMG principal Gabriel Navarro tells GlobeSt.com. The fact that it is a newer Publix center in South Florida made it interesting on the surface.
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