Hillwood, an actual property agency based by the late 1992 presidential spoiler candidate Ross Perot, paid $106.5 million for a gargantuan warehouse leased to Amazon.
An affiliate of Dallas-based Hillwood acquired the 1 million-square-foot success heart at 14490 Company Street North in Jupiter, data and actual property database Vizzda present.
The value breaks right down to $106.50 a sq. foot.
In 2020, an affiliate of Truist Securities paid $21.8 million for 100 acres throughout the 945-acre Palm Seaside Park of Commerce, data present. A yr later, the affiliate accomplished the single-story constructing.
On the time, the warehouse was Amazon’s third success heart in Palm Seaside County. The web retail conglomerate has since added a fourth distribution facility in Deerfield Seaside.
Led by Chairman Ross Perot Jr., Hillwood is an industrial, business, and residential actual property growth agency with tasks throughout North America and Europe, the corporate’s web site states. Perot’s father, who died in 2019, ran as an unbiased within the 1992 presidential election in opposition to Republican incumbent George H.W. Bush and Democratic nominee Invoice Clinton. Perot Sr. garnered practically 19 % of the favored vote, however no electoral faculty votes.
Hillwood is growing a handful of bold actual property tasks in its house state. In Dallas, the agency not too long ago launched plans to construct a 410-unit multifamily advanced at Frisco Station, a 242-acre mixed-use mission that can have 2,400 residences and three million sq. ft of places of work when absolutely constructed.
Final month, Hillwood introduced it deliberate to spend $50 million making inside enhancements to a 1.2 million-square-foot distribution heart in Houston leased to Goal.
Amazon is in search of to broaden its presence in South Florida past distribution facilities. The web retailer is on the hunt for roughly 500,000 sq. ft of recent workplace house in Miami. And Amazon founder Jeff Bezos, a Miami native who’s the third richest particular person on the earth with an estimated web value of roughly $194 billion, not too long ago moved to the Miami space.
In lower than a yr, Bezos has dropped $237 million on three waterfront properties in Indian Creek Village, together with a ten,000-square-foot property for $90 million final month.
