EML Realty Partners Acquires 3 Florida Industrial Assets

Based in Jupiter, Florida, EML Realty Partners recently announced three major acquisitions with Montclair, NJ-based The Becker Organization as their joint venture partner.

The three recent acquisitions, totaling just under $20 million dollars include:

• Kirby Corporate Center, a 100,000-square-foot industrial warehouse building, fully leased to UPS as one of its key distribution centers. The property is located in Palm Bay.
• Westroads Industrial Property, a multi-tenant industrial building that contains 30,000 square feet of rentable area in West Palm Beach.
• Jupiter Innovation Center, a 45,000 sq. ft., beautifully maintained, two-story premiere office/research and development property designed for life sciences and technology tenants, located in Jupiter.

These ventures come on the heels of several acquisitions made in the height of the pandemic in 2020. EML Realty Partners has purchased several commercial buildings in addition to The Becker Organization joint venture deals above; these properties include industrial, office, and retail throughout the Palm Beach, Martin, and St. Lucie Counties.

“After 30 years in the commercial real estate industry, my full focus now is to continue the growth of EML Realty Partners in the South Florida marketplace,” said Eric M. Levitt, founder of EML Realty Partners. “I have partnered with several different joint venture partners and my goal is to continue to acquire a wide variety of future properties in the area with old and new partners and add value to those acquisitions. I’m very bullish in the long-term growth opportunities that the South Florida Market provides that I wasn’t seeing previously in the Mid-Atlantic region.”

EML Realty Partners specializes in the acquisition of opportunistic commercial real estate investments, with a diverse portfolio of industrial, flex, office, retail, and entertainment properties. Founded by Eric M. Levitt, EML Realty Partners specializes in creating value on these properties after they are acquired. Prior to moving to Florida, EML Realty Partners was a very active and well-respected real estate firm in the Mid-Atlantic region.