{"id":1004769772,"date":"2025-08-27T03:59:14","date_gmt":"2025-08-27T11:59:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004769772"},"modified":"2025-08-27T04:13:54","modified_gmt":"2025-08-27T12:13:54","slug":"ram-realty-pays-53m-for-south-florida-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ram-realty-pays-53m-for-south-florida-shopping-center\/","title":{"rendered":"Ram Realty Pays $53M for South Florida Shopping Center"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a109ad541895&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004769768\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/image1-4\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Shoppes_at_Jupiter_Original.jpg\" data-orig-size=\"2700,1800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Orion Real Estate Group&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;The Shoppes at Jupiter&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;Image1&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Image1\" data-image-description=\"&lt;p&gt;Uncropped for article. Photo came from Orion press release: https:\/\/www.prnewswire.com\/news-releases\/orion-real-estate-group-sells-the-shoppes-at-jupiter-for-52-75-million-302538343.html&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Notable tenants at The Shoppes at Jupiter include Cin\u00e9polis Luxury Cinemas and Staples, with Whole Foods Market set to arrive in the future. Image courtesy of Orion Real Estate Group.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Shoppes_at_Jupiter_Original.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"683\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Shoppes_at_Jupiter_Original.jpg?w=1024\" alt=\"A photo of The Shoppes at Jupiter, a shopping center in Jupiter, Fla.\" class=\"wp-image-1004769768\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Shoppes_at_Jupiter_Original.jpg 2700w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Shoppes_at_Jupiter_Original.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Shoppes_at_Jupiter_Original.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Shoppes_at_Jupiter_Original.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Shoppes_at_Jupiter_Original.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Shoppes_at_Jupiter_Original.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Notable tenants at The Shoppes at Jupiter include Cin\u00e9polis Luxury Cinemas and Staples, with Whole Foods Market set to arrive in the future. <em>Image courtesy of Orion Real Estate Group.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Ram Realty Advisors has purchased a 197,000-square-foot retail center in Jupiter Fla., from Orion Real Estate Group. The Shoppes at Jupiter sold for $52.8 million in an off-market transaction.<\/p>\n\n\n\n<p>Atlantic Retail partners Noah Jones and Dan Lynch brokered the sale.<\/p>\n\n\n\n<p>Ram landed a lease with Whole Foods Market to serve as the center\u2019s primary anchor and plans to attract other national retailers to the property. Other prominent tenants include Cin\u00e9polis Luxury Cinemas, Staples and Bealls. The shopping center also includes dining outlets such as McDonald\u2019s, Kilwins and Chili\u2019s.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>LISTEN TO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/investment-matters-rocking-neighborhood-retail\/\">Rocking Neighborhood Retail<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The Shoppes at Jupiter was built in 1981 and renovated in 2014. Orion Real Estate Group purchased the property for $27.8 million in 2015. The property is located at the intersection of Indiantown Road and U.S. Highway 1, with 80,000 residents living within a 5-mile radius. <\/p>\n\n\n\n<p>Ram Realty Advisors now owns about 800,000 square feet of grocery-anchored retail real estate across eight assets, with additional acquisitions planned for the future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-palm-beach-county-s-retail-space-shortage\">Palm Beach County&#8217;s retail space shortage<\/h2>\n\n\n\n<p>Retail space in Palm Beach County had an availability rate of 4.7 percent in the second quarter of this year, according to a <a href=\"https:\/\/assets.cushmanwakefield.com\/-\/media\/cw\/marketbeat-pdfs\/2025\/q2\/us-reports\/retail\/palmbeach_americas_marketbeat_retail_q22025.pdf?rev=0ae080eb96f04c659b9b62bbb3b5e81e\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Cushman &amp; Wakefield report<\/a>, indicating a shortage of retail space in the area. The area\u2019s vacancy rate hit 4.0 percent in the second quarter, a 60-basis-point increase year-over-year, but still 30 basis points below the national average.<\/p>\n\n\n\n<p>In January, New Jersey-based Garden Commercial purchased the 83,800-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/garden-commercial-buys-palm-beach-retail-property\/\">Plaza Del Mar<\/a> retail property in Manalapan, Fla., which is anchored by a Publix grocery store. Another notable purchase in the county this year was Starwood Real Estate Income Trust\u2019s acquisition of Marketplace at the Outlets, a 304,000-square-foot asset in West Palm Beach, Fla.<\/p>\n\n\n\n<p>The area has had about 140,000 square feet of new retail projects break ground so far this year, with a total of 353,000 square feet under construction, according to Cushman &amp; Wakefield.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whole Foods Market is joining the property\u2019s tenant roster.<\/p>\n","protected":false},"author":3810,"featured_media":1004769767,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1492,21742,21749,32781],"tags":[32799,34367,46145],"class_list":["post-1004769772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-miami","category-latest","category-retail","category-southeast","tag-cushman-wakefield","tag-orion-real-estate-group","tag-ram-realty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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