CityBiz: Announcing Recent Commercial Real Estate Acquisitions

October 28, 2021

Based in Jupiter, FL, EML Realty Partners recently announced four major acquisitions in 2021 brokered by Reichel Realty & Investments, Inc.

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. Reichel Realty provides a full range of commercial real estate services, strategically advising clients on acquisitions and dispositions, landlord and tenant representation and property and construction management.

EML Realty Partners’ four recent acquisitions, totaling seven million dollars, with Reichel Realty serving as their broker include:

Village Green Center: Located in Port St. Lucie, FL, this property was purchased for $1,925,000 in January 2021. It is 100% leased to Dunkin Donuts and T-Mobile.

4390 Westroads Drive: Located in Riviera Beach, FL, this 30,000 square foot warehouse building was purchased for $3,075,000. It was 100% leased at closing in March 2021.

2724 N. Australian Ave: Located in West Palm Beach, FL, this 8,500 square foot single tenant office project was purchased for $1,000,000 in July 2021. The property is 100% leased to Vita Nova, a nonprofit organization.

1421 Oglethorpe Rd: Located in West Palm Beach, FL, this 13,000 square foot free standing office warehouse was leased for $1,000,000 by Nexgen Enterprises in August 2021.

“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 am proud to have partnered with highly regarded Reichel Realty on these acquisitions and my goal is to continue to acquire a wide variety of future properties in the area with old and new partners.”

“Our team is proud to have worked with Eric Levitt at EML Realty Partners on these acquisitions as EML grows its presence in the South Florida commercial real estate market,” said Bill Reichel, President & Owner of Reichel Realty. “We look to continuing working with him to provide our brokerage, management and leasing services on future deals to come.”

For more information, visit https://emlrealtypartners.com and https://www.reichelrealty.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 Reichel Realty Partners

Since 1987, Reichel Realty’s track record is built on professionalism and accountability. Our responsive, expert team delivers the insight and in-depth market knowledge of a local South Florida firm, coupled with the capabilities of a national company. With experience in transactions topping 10 million square feet and $1.5 billion, Reichel Realty provides a full range of commercial real estate services. Our team strategically advises institutional, individual and corporate clients on acquisitions and dispositions, landlord and tenant representation, workouts, asset and property management, and construction management for all property types.

 

Article by CityBiz 

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