JB Capital Management & Royce Properties Acquires Retail Property In Jupiter For $25.5M

Located at 287-337 E Indiantown Rd in Jupiter, this retail property was recently sold for a price of $25,500,000. The transaction took place on 10/18/2021. The property spans a total area of 55,046 square feet, resulting in a price per square foot of $463. The buyer of the property was JB Capital Management & Royce Properties, while the seller was Adar Jupiter LLC. The deal was facilitated by Justin Smith of Atlantic Retail.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $25,500,000
• Address: 287-337 E Indiantown Rd, Jupiter
• Market: Jupiter
• Asset Type: Retail

Justin Smith of Atlantic Retail played a crucial role as the broker in this transaction, representing both the buyer and the seller. JB Capital Management & Royce Properties, the buyer, acquired this retail property from Adar Jupiter LLC, the seller. With a significant sale price and substantial square footage, this deal is a notable transaction in the Jupiter market.