Recent Acquisition of Tuscany Square Office/Mixed-Use Retail Building
February 14, 2022
EML Realty Partners, based in Jupiter, FL, today announced the acquisition of Tuscany Square Offices/Mixed-Use Retail Building, located at 920 & 930 W Indiantown Road in Jupiter, FL. The more than 12,100 square foot Palm Beach County property consists of two single story office/retail buildings and was purchased for $3,950,000. The property is located on more than one acre in the highly desirable Indiantown Road market and is 100% leased to seven tenants.
This mixed-use professional office/retail building is EML Realty Partner’s first acquisition of aftertaste a successful 2021 with more than $50 million dollars in transactions bought and sold. In 2021, EML Realty Partners acquired twelve properties totaling 378,670 square feet and sold two properties totaling 44,559 square feet.
“EML Realty Partners remains extremely bullish on purchasing highly desirable commercial properties in South Florida in 2022,” said Eric M. Levitt, founder of EML Realty Partners. “The South Florida region continues to see rapid population growth, which is fueling residential and commercial property values in our area. Even with the increase in interest rates, the fundamentals for commercial real estate, especially industrial, remain strong in the marketplace.”
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.
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 25 properties with a value of approximately $350 million.
Article by citybiz.com
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