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South Florida

Jupiter tech park sells for nearly $31M

Jupiter Medical and Technology Park
Jupiter Medical and Technology Park

The Jupiter Medical and Technology Park has traded for nearly $31 million.

A company tied to Florida Turbine Technology, which occupies more than one-third of the park, sold the 1701 Military Trail property, South Florida Business Journal reported. POH Jupiter Ownership, a company managed by Plantation-based PointOne Holdings, is the buyer of the 185,000-square-foot facility. POH Jupiter obtained a $24.4 million mortgage from Philadelphia-based RAIT Partnership for the acquisition.

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Jupiter Medical and Technology Park is 92 percent occupied. GE Healthcare subsidiary GEMS is the largest tenant.

CBRE represented the seller and arranged financing for the buyer. [South Florida Business Journal] — Eric Kalis

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