Orion Real Estate Group Sells The Shoppes At Jupiter For $52.75 Million In Off-Market Transaction
Orion acquired the property in 2015 for $27.8 million.
Orion acquired the property in 2015 for $27.8 million.
Construction of the 134,000-square-foot store is underway, with a projected opening in 2026.
Maesel has stepped into the role in order to elevate the entire team. With a ‘Deliberately Different’ approach to commercial real estate, the company places culture over production not only with the ROI Group but the rest of the company, which features six offices and nearly 50 advisors.
The project includes replacing approximately 600 feet of existing seawall and 1,000 feet of floating docks, two new pre-engineered metal buildings, a state-of-the-art ship store, 8,999 square feet of retail office space and 9,724 square feet of work bays to meet member needs.
He brings over 25 years of experience in commercial real estate, private equity, and platform operations to his new role.
He brings more than 26 years of commercial real estate experience and a track record of over 25 million square feet of negotiated sales and lease transactions across South Florida.
The transaction marks the first time in over 25 years that the 78,000-square-foot retail center has changed hands.
Based in Fort Lauderdale, he will focus on both retail tenant and landlord representation, drawing from nearly a decade of experience in retail brokerage and leasing across Florida.
The JV completed the 71,000-square-foot retail project in 2024 and generated substantial leasing activity before the sale.
The project spans 43 acres and brings a vibrant mix of residential, retail, and office space to the growing Congress Avenue corridor.
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