The property company Vectra Management Group has bought three office buildings out of foreclosure in Wellington for a combined $7.7 million. The trio of two-story buildings, with 45,360 sq ft of office space, is located along Corporate Center Way . The complex was 95 percent leased at the time of closing and traded for a little under $170 per square foot. All three buildings were previously owned by the now shuttered Wellington Property Group, a West Palm Beach company that was managed by Christopher Ruddy. The company lost an $11.5 million foreclosure judgment in 2013 initiated by U.S. Bank on behalf of a commercial mortgage backed securities trust.
