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15791 Corporate Circle

Alaris Aerospace Systems Leases 129,000 Square Feet At Corporate Logistics Center In Jupiter, FL
LEASEDIndustrial

Alaris Aerospace Systems Leases 129,000 Square Feet At Corporate Logistics Center In Jupiter, FL

15791 Corporate Circle

Building Size

129,000 SF

Asset Type

Industrial

Closing

May 28, 2026

AI

The property asset involved in the transaction is an industrial facility located at 15791 Corporate Circle, Jupiter, FL. The asset encompasses a total square footage of 129,000 and is part of the Corporate Logistics Center. The facility is owned by Woodmont Industrial Partners and Butters Group, contributing to the Palm Beach County industrial market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Square Footage: 129,000
  • Address: 15791 Corporate Circle
  • Market: Jupiter, FL
  • Landlord: Eric Witmondt - Woodmont Industrial Partners; Malcolm Butters - Butters Group
  • Tenant: Bikram Jaswal - Alaris Aerospace Systems
  • Landlord's Representative: Yuri Quispe & Peter Johnston - JLL
  • Tenant's Representative: Lee Johnson - Florida Real Estate Growth Services
  • Lease Terms: seven years

The deal features notable individuals such as Eric Witmondt and Malcolm Butters as landlords, while Bikram Jaswal represents Alaris Aerospace Systems as the tenant. The leasing arrangement involves representatives Yuri Quispe and Peter Johnston from JLL acting on behalf of the landlords, with Lee Johnson from Florida Real Estate Growth Services representing the tenant.

Players

Yuri Quispe

JLL

Broker

$13.3M

vol

4 deals

Broker
Malcolm Butters

Malcolm Butters

Butters Group

Landlord

$344.1M

vol

13 deals

Landlord

Market Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93