Hillwood Acquires Amazon Fulfillment Center In Jupiter For $106.5M

The Amazon fulfillment center in Palm Beach Park of Commerce near Jupiter has been sold for $106.5 million to 14490 Corporate Road LLC, an affiliate of Dallas-based Hillwood, a Perot Company. The 1 million-square-foot distribution center, built in 2021 on a 100-acre site, is leased by Amazon and specializes in handling larger items, boasting around 125 dock doors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $106,500,000
• Address: 14490 Corporate Road North
• Market: Jupiter
• ACRES: 100
• Seller: SunTrust Equity Funding
• Buyer: Todd Platt - Hillwood

Jeff Bezos, the founder of Amazon, was among the key individuals involved in the transaction. Todd Platt, representing Hillwood, acted as the buyer's representative in the deal. The sale of the 1 million-square-foot distribution center signifies a significant investment in the industrial real estate market in Jupiter.