Equity One sells Jupiter shopping center to Sterling for $26M

15-acre property leased to Publix, Walgreens, TooJay's

Miami /
Oct.October 23, 2019 02:30 PM
Bluffs Square in Jupiter (Credit: Google Maps)

Bluffs Square in Jupiter (Credit: Google Maps)

A company tied to Sterling Organization paid $25.9 million for a Publix-anchored shopping center in Jupiter.

Records show Equity One Florida Portfolio LLC sold the nearly 136,000-square-foot retail plaza at 4040 South U.S. Highway 1. Equity One is a subsidiary of Jacksonville-based Regency Centers. Regency Centers acquired the company for $5 billion in 2017.

Sterling affiliate SVAP III Bluffs Square LLC acquired the Jupiter shopping center, called Bluffs Square. It was built on a 14.7-acre property in 1986, according to property records.

In addition to Publix, other tenants include a TooJay’s Deli restaurant, a frozen yogurt shop, a CrossFit gym, Walgreens and an AT&T store.

Sterling Organization, a West Palm Beach-based private equity real estate investment firm, sold a Sedano’s-anchored shopping center in Pembroke Pines in April to Longpoint Realty Partners for $37.53 million.

Publix has also been acquiring a number of the shopping centers it anchors. Earlier this year the Lakeland-based grocer paid $70 million for the Doral Plaza Shopping Center.


Related Articles

arrow_forward_ios
Mike Odrich and Steven B. Fader with 113 Spinnaker Lane, Jupiter (Google Maps)
Real estate and private equity investor sells waterfront home in Jupiter for $8M
Real estate and private equity investor sells waterfront home in Jupiter for $8M
Johnny Gray and 176 Spyglass Lane in Jupiter (NHRA, Pelican Pix)
Racing team owner sells waterfront Jupiter mansion for $24M
Racing team owner sells waterfront Jupiter mansion for $24M
Value Store It President Carlos Diaz with the two properties (Diaz)
Value Store It buys two Palm Beach County properties for $35M
Value Store It buys two Palm Beach County properties for $35M
Nick Mastroianni II sold the property back to the sellers at a small profit (Google Maps, Nicholas Mastroianni)
Seller’s remorse: Nick Mastroianni returns Jupiter mansion
Seller’s remorse: Nick Mastroianni returns Jupiter mansion
150 Bears Club Drive, Jupiter (Google Maps)
Real estate developer buys Bear’s Club mansion in Jupiter for record $11M
Real estate developer buys Bear’s Club mansion in Jupiter for record $11M
Lance Cawley and 316 West Riverside Drive, Jupiter (Ferrari, Google Maps)
Ferrari racer buys riverfront home in Jupiter for $6M
Ferrari racer buys riverfront home in Jupiter for $6M
Nick Mastroianni II and 19681 Loxahatchee River Road (VHT Studios)
EB-5 chief Nick Mastroianni buys waterfront home in Jupiter
EB-5 chief Nick Mastroianni buys waterfront home in Jupiter
Eric and Lara Trump with 502 Bald Eagle Drive in Jupiter (Getty, Google Maps)
Trump town: Eric and Lara buy home near Don Jr. in Jupiter
Trump town: Eric and Lara buy home near Don Jr. in Jupiter
arrow_forward_ios

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

Loading...