Wednesday, January 8, 2014

Jupiter Commercial Building Sells for $31 Million

The Jupiter Medical and Technology Park just traded for around $31 Million. Located at 1701 Military Trail, this property is approximately 185,000 square feet. POH Jupiter Ownership a company managed by a Plantation based PointOne Holdings purchased this Jupiter Commercial Property. An affiliate of Florida Turbine Technology was the sellers of the property as well as tenants occupying around 1/3 of the park. The property was last purchased  for $16.5 million in 2005.

This Jupiter Medical and Technology Park is 92% occupied with a GE Healthcare subsidiary being the largest tenant.

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