Wellington shopping center gets $21M financing

BB&T had net income in the third quarter of $469 million.

Fig Development has received $21 million in financing for Wellington Green Commons Shopping Center.

HC Real Estate Capital worked exclusively with the borrower, Fig Development, LLC, a partnership controlled by Schmier & Fuerring Properties, to secure 15 year-financing through its relationship with ING Life Insurance and Annuity.

WGC is a 96,774-square-foot retail center, at 2545-2665 State Road 7 in Wellington, that is currently 100 percent leased to a roster of national tenants including a 50,000-square-foot Whole Foods, Jason’s Deli, Moe’s Southwestern Grill, Amtrust Bank and AT&T.