Based in Jupiter, Florida, EML Realty Partners along with joint venture partner, The Becker Organization (TBO) of Montclair, NJ, announced the acquisition of three industrial warehouse buildings in Daytona Beach, St. Augustine and Jacksonville. The properties, totaling nearly $15 million and over 150,000 square feet, are all leased by PODS warehouses, being used as storage facilities.
EML Realty Partners owns two other PODS warehouse facilities in Port St. Lucie and Melbourne with institutional equity partner and private REIT Arctrust, totaling five PODS warehouse buildings on the east coast of Florida with a combined square footage of over 200,000 square feet of industrial space.
“EML and The Becker Organization are proud to have closed on these three high value, off-market properties with PODS as our tenant,” said Eric Levitt, founder of EML Realty Partners. “We are continuing to scale our portfolio on the east coast of Florida with The Becker Organization, as we work to uncover valuable opportunities in this hot commercial real estate market. This is our fifth acquisition with The Becker Organization as a joint venture partner in South Florida over the last 12 months with combined property purchases in excess of 50 million dollars.”
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.
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