Jupiter, Fla. – Atlantic Retail Properties represented the buyer and the seller in the transaction.
The sale price was undisclosed. The four-acre Jupiter Reserve is 93.6 percent leased to tenants that include Petco, T-Mobile, Vitamin Shoppe, Pizza Hut, Edible Arrangements and LabCorp of America. The center will be leased by Atlantic Retail Properties and managed by Transwestern Commercial Services.Jupiter, Fla. – Elion Real Estate Fund III LP has acquired Jupiter Reserve, a 43,172-square-foot shopping center in Jupiter, a northern suburb of Miami in Palm Beach County. The seller was Pebb Enterprises, and Atlantic Retail Properties represented both parties in the transaction.
— Scott Reid