Ross Perot Jr. Secures $70M Acquisition Loan From NYSTRS For Jupiter Warehouse

The industrial property located at 14490 Corporate Road North in Jupiter, Florida, spans 1,000,450 square feet and was recently acquired for $106.5 million. It comprises 986,675 square feet of warehouse space and 13,775 square feet of office space. The acquisition loan secured for this property amounts to $70,000,000 and was provided by NYSTRS.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $106.5 million
• Lender: NYSTRS | New York State Teachers' Retirement System
• Landlord: Ross Perot Jr. - Hillwood
• Asset Size: 1,000,450 SF

Hillwood, led by Ross Perot Jr., made their first industrial investment in South Florida with the purchase of this warehouse leased to Amazon. This property marks their expansion into the South Florida market, following previous investments in Daytona Beach and Jacksonville.