EML Realty Partners Acquires Industrial Warehouse In Jupiter
The industrial warehouse consists of a masonry/tilt-up building totaling 22,408 square feet of RBA and situated on 1.58 acres.
The industrial warehouse consists of a masonry/tilt-up building totaling 22,408 square feet of RBA and situated on 1.58 acres.
The lease was facilitated by Berger Commercial Realty/CORFAC International’s Senior Vice President Keith R. Graves, CCIM, SIOR, and Vice President Lawrence Oxenberg, who represented Solotech in this transaction.
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The new agreement secures 83,793 square feet of space, which includes an expansion of 14,560 square feet.
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The sale was conducted as an all-cash transaction, underscoring the strong demand for real estate in this vibrant market.
15430 Corporate Road North features 40’ clear heights, 60’ speed bays, 43 dock high doors, 2 drive-in doors and 136’ truck courts. The property also offers ample surface parking, including 26 trailer parking spaces.
The transaction was facilitated by Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt, who represented the seller.
A real estate fund managed by Ares Management purchased the portfolio from a joint venture (JV) partnership between Greystar and Butters Construction & Development.
This acquisition marks the firm’s second significant investment in Doral, following the recent groundbreaking of Bridge Point Doral, a project set to encompass over 2.6 million square feet of Class-A industrial space at full build out.
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