Joint Venture Acquires Fresh Market Village Outside Palm Beach for $25.5 Million

Jupiter, Fla. — A joint venture between JB Capital Management and Royce Properties has acquired Fresh Market Village, located roughly 19 miles outside Palm Beach in Jupiter, for $25.5 million. Justin Smith of Atlantic Retail brokered the disposition of the property by Adar Jupiter LLC. The 55,046-square-foot center was 97 percent leased at the time of sale to tenants including The Fresh Market, 2 Vinez Restaurant & Wine Bar, Starbucks Coffee, Casa Mia and Gretchen Scott Designs.