EML Realty Partners Acquires Industrial Warehouse In Jupiter

Jupiter, Florida-based EML Realty Partners announced the acquisition of 952 Jupiter Park Lane in Jupiter  for $5,550,000.

The industrial warehouse, fully occupied by Commercial Energy Specialists and Jupiter Granite, consists of a masonry/tilt-up building totaling 22,408 square feet of RBA, situated on 1.58 acres. The property is located in Jupiter Commerce Park, a highly sought after industrial submarket in Palm Beach County, which boasts highly functional buildings and immediate access to I-95 and the Florida Turnpike.

The building was built 10 years ago and is all concrete tilt/up construction.

“We are excited to have closed on this property and to be adding this high-quality newer construction building to the EML Portfolio of industrial properties,” said Eric M. Levitt, founder of EML Realty Partners. “This acquisition will give EML many operating efficiencies as we add this to other 8 Jupiter buildings in the Jupiter market.”

EML Realty Partners specializes in the acquisition of opportunistic commercial real estate investments with a high concentration of industrial properties throughout the state of Florida. Founded by Eric M. Levitt, EML Realty Partners specializes in creating value on these properties after they are acquired. Prior to moving to Florida, EML Realty Partners was a highly active and well-respected real estate firm in the Mid-Atlantic region.