Royal Palm Beach, Fla. — HFF has arranged the $4 million sale of Villages Shoppes II on 441, a 44,032-square-foot retail center in Royal Palm Beach, Florida.
Village Shoppes was delivered in 2008 and is situated 11 miles west of West Palm Beach. The property was 47.8 percent leased at the time of the sale. The asset is part of the larger Village Shoppes on 441, a separately owned retail center anchored by Burlington, Bealls and Planet Fitness. Daniel Finkle, Luis Castillo and Eric Williams of HFF represented the undisclosed seller in the transaction. The buyer was JBL Asset Management.