Palm Beach County industrial building sold for $41M

An industrial building in Jupiter that serves as the headquarters of Power Systems Manufacturing was sold for $40.8 million.

Florida Land Fund III LLC, managed by Michael Nortman of Jupiter-based Nortman Investments, sold the 189,349-square-foot building at 1440 West Indiantown Road. The buyers were Jupiter Industrial, 4188 Jupiter Industrial, GRC Jupiter Industrial, and BPA Jupiter Industrial – all affiliates of Norfolk, Virginia-based Harbor Group International. JPMorgan Chase Bank provided a…

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