EML Realty Partners Sells Three Properties in West Palm Beach

EML Realty Partners announced the sale of three properties in March:

• 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, which sold for a combined sales price of approximately $10 million.

Eric Levitt, Managing Partner of EML Realty Partners stated, “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.”

Article by: CRE Sources