ATLANTA (February 28, 2019) – SRS’ Investment Properties Group (IPG), led by Steve Miskew, exclusively marketed and brokered the sale of Jupiter Farms Shopping Center in Jupiter, Fla., on behalf of the owner. The established neighborhood center, built in 1998, consists of 84,337 square feet situated on 10.21 acres. It is roughly 90 percent occupied by tenants including Publix, True Value and T-Mobile. The property is located at 10142 West Indiantown Road, at the signalized intersection of West Indiantown Road (FL-706) and Jupiter Farms Road, just two miles west of I-95 and the Florida Turnpike, and benefits from a combined traffic count of 37,500 vehicles per day in front of the property. Jupiter Farms is an affluent, established community with impressive average household incomes of $111,300 within a one-mile radius of the Property. The seller, Winchester Commons, LLC, sold the property on November 30, 2018 for $12.4 million to E&A Property Management, LLC.
“We are pleased at the opportunity to orchestrate the sale of a quality asset like Jupiter Farms Shopping Center, highlighted by its high performing Publix store,” said Steve Miskew, managing principal, Investment Properties Group. “Given the strength and historical success of the anchor, as well as the center’s exceptional capture of its established and growing trade area, it was no surprise that we had so much interest from the investment community.”
Steve Miskew, managing principal, of the Investment Properties Group in the SRS Fort Lauderdale office, along with the SRS Investment Properties Group team, headed by Kyle Stonis, managing principal, and Pierce Mayson, principal, of the Investment Properties Group in the SRS Atlanta office handled the transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services and investment services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.