{"id":1004171920,"date":"2017-04-07T04:05:39","date_gmt":"2017-04-07T12:05:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004171920"},"modified":"2022-12-08T20:10:28","modified_gmt":"2022-12-09T04:10:28","slug":"esj-acquires-interactive-zoo-park-for-60m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/esj-acquires-interactive-zoo-park-for-60m\/","title":{"rendered":"ESJ Acquires Interactive Zoo Park for $60M"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004171946\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004171946\" data-attachment-id=\"1004171946\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/esj-acquires-interactive-zoo-park-for-60m\/jungle-island\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Jungle-Island.jpg\" data-orig-size=\"1338,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Jungle Island\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Jungle Island&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Jungle-Island.jpg?w=1024\" class=\"wp-image-1004171946 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Jungle-Island.jpg\" alt=\"Jungle Island\" width=\"300\" height=\"168\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Jungle-Island.jpg 1338w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Jungle-Island.jpg?resize=300,168 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Jungle-Island.jpg?resize=768,430 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Jungle-Island.jpg?resize=1024,574 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004171946\" class=\"wp-caption-text\">Jungle Island<\/p><\/div>\n<p>ESJ Capital Partners announced it acquired Jungle Island, formally Parrot Jungle, an 18-acre\u00a0interactive zoological park, for $60\u00a0million. The transaction includes transfer of the existing lease on the Watson Island,\u00a0in addition to assuming existing park debt to the City of Miami, Miami-Dade County and the U.S. Department of Housing and Urban Development. ESJ also plans a three-part renovation and expansion process,\u00a0expected to take up to two years, with the first phase debuting this summer.<\/p>\n<p>Located at 1111 Parrot Jungle Trail, the phased multi-million dollar renovation will focus on upgrades and additions to the park&#8217;s offerings, including zip lines, water slides, opening a private beach club or upgrades to food and beverage. The company also intends to re-focus the park as an eco-adventure destination.\u00a0<em>\u201cWe are considering the development of different renewable energy facilities at the park which will enhance the guests\u2019 active and educational experience and help us come closer to energy independence,\u201d<\/em> said Elie Mimoun, COO, in prepared statements.<\/p>\n<p>John Dunlap, CEO of Iconic Attractions Group, will stay on as the park manager, responsible for its operations and day-to-day administration, and current employees will be retained and will become employees of IAG. Additionally, IAG anticipates more jobs to be created once the renovations and expansions are finalized.<\/p>\n<p>The park currently offers such attractions as the Winged Wonder, a covered amphitheater\u00a0with singing and talking birds, The Children&#8217;s Area, a large playground and petting farm, and Parrot Cove, Miami&#8217;s only private beach. Jungle Island also features special exhibitions, such as The Lion&#8217;s Den, the park&#8217;s largest exhibit and home to a white lion, or Jake &amp; Hanna&#8217;s Penthouse, home of two orangutans.<\/p>\n<p><em>Rendering courtesy of ESJ Capital Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ESJ also plans expansions and renovations for the park, expected to take two years to complete. The first phase will debut this summer.<\/p>\n","protected":false},"author":753,"featured_media":1004171946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,1492,21742],"tags":[34848,34849],"class_list":["post-1004171920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-miami","category-latest","tag-esj-capital-partners","tag-iconic-attractions-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ESJ Acquires Interactive Zoo Park for $60M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/esj-acquires-interactive-zoo-park-for-60m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESJ Acquires Interactive Zoo Park for $60M\" \/>\n<meta property=\"og:description\" content=\"ESJ also plans expansions and renovations for the park, expected to take two years to complete. 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