Orion Real Estate Group Sells The Shoppes At Jupiter For $52.75 Million In Off-Market Transaction
Posted by SVN Waterfront on
Miami-based Orion Real Estate Group has completed the sale of The Shoppes at Jupiter, a 197,000-square-foot shopping center at the intersection of Indiantown Road and U.S. Highway 1 in Jupiter.
The property sold for $52.75 million in an off-market transaction to Palm Beach Gardens-based Ram Realty Advisors.
Orion acquired the property in 2015 for $27.8 million. Built in 1981 and renovated in 2014, the shopping center benefited from a comprehensive repositioning strategy during Orion’s ownership, including capital improvements, tenant retention, and lease enhancements that strengthened long-term asset value.
The property is anchored by Cinépolis Luxury Cinemas, Palm Beach Sports Club Gym, Staples, and Bealls, along with a variety of dining and…
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