Commercial real estate investment firm closes on eighth property in 2021 Marking more than $30 Million in purchases this year
Based in Jupiter, FL, EML Realty Partners recently announced the acquisition of a 30,000 square foot multi-tenant small bay warehouse located at 1097 Jupiter Park Drive in Jupiter, FL. The warehouse is located in the highly sought-after Jupiter Commerce Park near Indiantown Road and I-95. This off-market deal was brought to EML Realty Partners by Jupiter-based Business Real Estate, Inc. The purchase price was $5 million, which equates to $166 per square foot. This marks EML Realty Partner’s eighth acquisition in 2021 with an excess of more than $30 million in purchases to date in 2021.
“I am very excited to have acquired this amazing asset in one of the best small bay warehouse locations in the entire country,” said Eric M. Levitt, founder of EML Realty Partners. “I am also proud to have made this deal happen with the help of Business Real Estate, Inc. as a valuable, longtime partner of EML Realty Partners.”
“EML Realty Partners and Business Real Estate, Inc. have a longstanding relationship by working together on the leasing and property management of many of the properties in the EML Realty Partners portfolio,” said Dan Sefjack, Partner at Business Real Estate, Inc. “We knew EML would flawlessly execute on this highly sought-after asset as they have done so many times before. EML Realty Partners was the right buyer for this outstanding asset.”
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.
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 Business Real Estate, Inc
Business Real Estate, Inc. is a full-service real estate company in Jupiter, Florida which specializes in northern Palm Beach County and Treasure Coast commercial real estate. We provide brokerage, landlord representation, tenant representation, property management and consulting services to owners of office, retail and industrial properties and purposely limit ourselves to a relatively small geographical area so that we can maintain our market dominance and superior market knowledge while providing the best service to our clients. The principals and agents of Business Real Estate have over 50 years of combined experience in the local market and we unlike other firms, focus our efforts on a relatively small geographic area with the intent to be the dominant company in the market in both terms of market knowledge and the number of available properties.