Off-Market Acquisition And Sale To Kick Off 2023
February 02, 2023
Jupiter, Florida-based EML Realty Partners announced the acquisition of an industrial property and the sale of an office property in January.
EML acquired 1330 & 1350 W. Indiantown Road in Jupiter in an off-market deal. The two buildings, totaling approximately 20,000 square feet, were purchased for $3,500,000. The west building is occupied by long-term tenant Good Year Tire & Service, while the East building is occupied by Strategic Turbine Inventory Group, a privately held aviation supplier. Additionally, EML Realty Partners completed the sale of Tequesta Financial Center (pictured above) in Tequesta. The office building, comprised of 17,467 square feet, was sold for $4,150,000.
“We are extremely proud to be off to such a strong start in 2023 with the announcement of these January deals, especially given the current difficult market conditions we are all operating within,” said Eric M. Levitt, founder of EML Realty Partners. “We are hoping the momentum will continue, as we have several deals on the horizon. We look forward to continuing to uncover off-market opportunities to add to EML Realty Partner’s growing portfolio.”
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.
Acquisitions and Sales to Kick Off 2023February 01, 2023
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