Elion will renovate and rename Jupiter retail center

Miami /
Jan.January 28, 2017 04:00 PM

Aventura-based Elion Partners announced plans to renovate the Jupiter Reserve shopping center and to rename the 43,172-square-foot property Pennock Square.

Elion will install new signage, improve walkways, upgrade the shopping center’s parking lot and put new landscaping on the property. The company expects to complete the renovation work in summer.

“A variety of new shops and restaurants will be added to the existing tenant mix,” Elion said in a press release without elaboration.

“We’re already seeing interest from retailers who want a location in a market that will allow them to service customers in both eastern and western Jupiter,” Elizabeth Wright of brokerage Atlantic Retail Properties, said in a prepared statement. “More than 42,500 cars travel past the shopping center daily.”

Elion successfully renovated and attracted national brands to The Fresh Market Village in Jupiter, located east of Pennock Square on Indiantown Road.

“We see a similar opportunity to upgrade this center into a popular shopping destination for residents from the affluent Jupiter and Northern Palm Beach areas,” Gloria Fernandez, managing director of asset management at Elion, said in a prepared statement.


Related Articles

arrow_forward_ios
Justin Daniels and 197 Spyglass Court, Jupiter (Google Maps, Justin Daniels)

Real estate investor buys waterfront Jupiter home for nearly $7M

Real estate investor buys waterfront Jupiter home for nearly $7M
Shlomo Khoudari and Justin Bennett with 3141 Southwest 10th Street in Pompano (Google Maps)

Shifting gears: Elion Partners pays $12M for Pompano Beach auto parts distribution center

Shifting gears: Elion Partners pays $12M for Pompano Beach auto parts distribution center
Deborah M. Fretz and 5511 River Cove, Jupiter (Douglas Elliman)

Retired oil and energy CEO buys waterfront Jupiter home for $6M

Retired oil and energy CEO buys waterfront Jupiter home for $6M
Rob Thomson (Rob Thomson, Palm Beach County Sheriff's Office, iStock)

Jupiter agent Rob Thomson gets probation for domestic battery against ex-fiancée

Jupiter agent Rob Thomson gets probation for domestic battery against ex-fiancée
377 Eagle Drive in Jupiter (Google Maps)

20/20 vision: MyEyeDr CEO buys waterfront mansion in Jupiter for $11M

20/20 vision: MyEyeDr CEO buys waterfront mansion in Jupiter for $11M
Yadier Molina & 6431 River Pointe Way (Credit: Todd Kirkland/Getty Images, and Google Maps)

Baseball player Yadier Molina sells Jupiter mansion for $8M

Baseball player Yadier Molina sells Jupiter mansion for $8M
Ina Kim-Schaad & 5280 Pennock Point Road (Credit: Google Maps)

Golfer Ina Kim-Schaad pays $6M for waterfront mansion in Jupiter

Golfer Ina Kim-Schaad pays $6M for waterfront mansion in Jupiter
212 Spyglass Lane & Carlos Gavidia (Realtor, Instagram/Carlos_E_Gavidia)

“Trumptilla” organizer sells waterfront Jupiter home for $6M

“Trumptilla” organizer sells waterfront Jupiter home for $6M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...