Mired in foreclosure proceedings in 1986 and again in 1996, the 30-year-old, 60,054-sf Jockey Club, along with several buildings and recreational facilities at the former Jockey Club Condominium community were sold for $3.987 million at a judicial auction to Jupiter Miami Building Co.
Jupiter manager Michel Azeroual bought the property for an undisclosed French investor.
The seller of record was Kenneth A. Welt, the court-appointed trustee for the property's last owners, Agincourt IV and Thomas W. Fawell of Chicago.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
