JB Capital Management Acquires Retail Property In Jupiter, FL For $25.5M

Located at 311 E. Indiantown Road in Jupiter, FL, this retail property was recently sold in a closed transaction. The deal took place on October 4, 2021, with a purchase price of $25,500,000. The property spans across 55,046 square feet and has a price per square foot of $463. The buyer of the property was JB Capital Management, represented by Jessica Giguere and Ben Karp. On the other side, the seller was Elion Partners, represented by Adar Jupiter. The transaction was facilitated by Justin Smith from Atlantic Retail.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $25,500,000
• SF: 55,046
• PPSF: $463
• Buyer: JB Capital Management - Jessica Giguere & Ben Karp
• Seller: Elion Partners - Adar Jupiter
• Broker: Justin Smith - Atlantic Retail

This transaction showcases the involvement of key individuals and companies. JB Capital Management, led by Jessica Giguere and Ben Karp, acted as the buyer in this deal. Elion Partners, represented by Adar Jupiter, served as the seller of the property. The negotiation and facilitation of the transaction were overseen by Justin Smith from Atlantic Retail.