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
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