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Group Acquires 90% Interest in Sea Ranch Centre

Woolbright Development Sells Majority Share for $25 Million
By Shana Wilson
June 16, 2006 | 7:29 P.M.

Local investor Sea Ranch Centre Associates LLC acquired most of the Sea Ranch Centre, at 4703 N. Ocean Drive in Lauderdale by the Sea, FL. The group paid $24.8 million, or about $290 per square foot, to Boca Raton, FL-based Woolbright Development for a 90% interest in the 95,011-square-foot, 10-acre neighborhood center.

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