Announcing Commercial Real Estate Acquisitions
Sep 29, 2023
Commercial real estate investment firm poised for future growth in South Florida
Based in Jupiter, FL, EML Realty Partners recently announced three major acquisitions in 2021 with The Becker Organization, based in Montclair, NJ, as their joint venture partner.
EML Realty Partners specializes in the acquisition of opportunistic commercial real estate investments, with a diverse portfolio of industrial, flex, office, retail, and entertainment properties. 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 very active and well-respected real estate firm in the Mid-Atlantic region.
The three recent acquisitions, totaling just under 20 million dollars, that EML Realty Partners joined with the The Becker Organization as a joint venture partner include:
Kirby Corporate Center: A 100,000 sq. ft. industrial warehouse building, fully leased to UPS as one of its key distribution centers. The property is located in Palm Bay, Florida.
Westroads Industrial Property: A multi-tenant industrial building that contains 30,000 sq. ft. of rentable area in West Palm Beach, FL.
Jupiter Innovation Center: A 45,000 sq. ft., beautifully maintained, two-story premiere office/research and development property designed for life sciences and technology tenants, located in Jupiter, Florida.
These ventures come on the heels of several acquisitions made in the height of the pandemic in 2020. EML Realty Partners has purchased several commercial buildings in addition to The Becker Organization joint venture deals above; these properties include industrial, office, and retail throughout the Palm Beach, Martin, and St. Lucie Counties.
“After 30 years in the commercial real estate industry, my full focus now is to continue the growth of EML Realty Partners in the South Florida marketplace,” said Eric M. Levitt, founder of EML Realty Partners. “I have partnered with several different joint venture partners and my goal is to continue to acquire a wide variety of future properties in the area with old and new partners and add value to those acquisitions. I’m very bullish in the long-term growth opportunities that the South Florida Market provides that I wasn’t seeing previously in the Mid-Atlantic region.”
For more information, visit https://emlrealtypartners.com.
About EML Realty Partners
EML Realty Partners, LLC is a commercial real estate investment firm specializing in the acquisition of opportunistic commercial real estate investments. EML also selectively invests in commercial real estate partnerships by providing capital to projects in the form of debt and equity. The EML portfolio is a diverse mix of industrial, flex, office, retail, and entertainment properties providing above market returns for their partners. EML specializes in creating the value needed on properties after the initial acquisition. The EML portfolio has a high concentration of industrial properties on the east coast of South Florida, where the company is now based. The South Florida portfolio consists of more than 20 properties with a value of approximately $300 million.
About The Becker Organization
Established in 2000, The Becker Organization is skilled in acquiring, developing, leasing, managing, and financing real estate investment and development properties. As part of the overall business strategy, The Becker Organization invests with a long-term mentality and has been successful over time in building a balanced and well diversified portfolio of properties including residential, office, retail, parking garage, storage facility, and land development properties.