RPG and MPR form a joint venture in the State of Florida
to develop commercial real estate properties.
Lake Park, FL, October 13, 2020 – Ridgeline Property Group (RPG) announced today that it will form a joint venture with Mitchell Property Realty (MPR) in the State of Florida. Silver Beach Industrial Park, a four building industrial project totaling 363,288 square feet in Lake Park, Palm Beach County, Florida, will be the venture’s first project.
Silver Beach Industrial Park is located just east of N. Congress Avenue on Silver Beach Road and 2 miles east of Interstate 95. Scheduled for completion in the first quarter of 2022, the project will consist of four, 90,822 square foot buildings (363,288 SF total). Features include 32’ clear height, 180’ truck court, 51’ x 50’ column spacing with 60’ speed bay, ESFR sprinkler system, 24 dock high doors and 1 drive-in ramp per building.
Ed Mitchell, President of Mitchell Property Realty, “It is exciting for us to be partnering with RPG in Florida. We believe their national relationships with capital sources, brokers and tenants, coupled with our local market expertise, creates an exceptional platform for us to grow our industrial presence.”
“Ridgeline Property Group is elated to partner with MPR and expand our presence in the State of Florida. Ridgeline Property Group and Mitchell Property Realty have had a long standing relationship over the years and we are excited to continue RPG’s national platform growth,” said Greg Thurman, CEO of Ridgeline Property Group.
RPG and MPR are teaming with American Realty Advisors to develop Silver Beach Industrial Park.
Robert Smith of CBRE will be marketing the property for lease.
About Ridgeline Property Group
Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. For additional information, please visit www.ridgelinepg.com.
About Mitchell Property Realty
Mitchell Property Realty is a real estate investment firm focused on acquisition, repositioning, and ground-up development of commercial properties throughout the State of Florida. MPR is an expert in the Florida industrial markets, with the sole focus on South Florida, Tampa, and Orlando. The company was founded at the beginning of 2019. The founder of the company, Edward Mitchell, has an extensive 30-year track record developing and operating industrial and office properties throughout the State of Florida. www.mitchellpropertyrealty.com
About American Realty Advisors
American Realty Advisors (“ARA”), headquartered in Los Angeles, CA, is a private equity real estate investment manager on behalf of institutional capital and invests in a commercial real estate portfolio with over $10.1 billion in assets under management. Through a series of offerings of core, core-plus, and value-add strategies which include equity, debt, preferred equity, mezzanine and hybrid debt, ARA invests in a wide range of opportunities in high-quality office, retail, industrial, multi-family, and other property types throughout the United States.
More information regarding ARA can be found at www.aracapital.com.