Ram Realty boosts South Florida shopping center portfolio with $53M purchase
Ram Realty Advisors expanded its South Florida shopping center holdings with a $53 million acquisition in Jupiter. An affiliate of Palm Beach Gardens-based Ram Realty, led by CEO Casey Cummings, acquired The Shoppes at Jupiter, a 197,000-square-foot shopping center at the intersection of Indiantown Road and U.S. 1, a press release states. Noah Jones and Dan Lynch with Atlantic Retail brokered the off-market deal, which breaks down to $268 a square foot. The seller, an affiliate of Miami-based Orion Real Estate, led by Kevin and Christopher Sanz, paid $27.8 million for The Shoppes at Jupiter in 2015, records show. Completed […]This article originally appeared on The Real Deal. Click here to read the full story.
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