EML Realty Partners Announces Sales of 3 Properties in West Palm Beach
April 04, 2023
Based in Jupiter, FL, EML Realty Partners announced the sale of three properties in March for a combined sales price of approximately $10 million dollars.
EML completed the sale of 1421 Oglethorpe Road, an industrial building near the Palm Beach airport.
EML Realty Partners, along with JV Partner The Becker Organization, sold Westroads Industrial Property, a multi-tenant industrial building.
EML’s last sale of the month was 2724 North Australian Ave, a two-building office complex.
Bill Reichel with Reichel Realty & Investments handled the sale of all three properties for EML Realty Partners.
Eric Levitt, Managing Partner of EML Realty Partners states “The sale of these three unique properties in West Palm Beach created a substantial return in a short period of time for EML and its partners. As the EML portfolio continues to grow we are focusing on larger industrial buildings all over the state of Florida. This was a great opportunity to sell off a few of the smaller assets that did not fit the portfolio.”
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 based. The South Florida portfolio consists of more than 30 properties with a value of approximately $500 million. For more information, visit https://emlrealtypartners.com.
Article by: CityBiz
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