Kor Distribution, Rayus Radiology Lease Space in Jupiter

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Two companies signed leases in Jupiter, Fla., for a total of 46,251 square feet. 

Kor Distribution signed a new lease for 36,376 square feet at the Palm Beach Park of Commerce, according to the brokers.

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The industrial space is located at 14924 Corporate Road South. Kor, a manufacturing, warehousing and order fulfillment services firm, signed on for three years at an asking rent of $11.50 per square foot.

Rob Hamman of real estate brokerage SVN Florida represented the tenant, while Steve Garine of S&K Worldwide Realty represented the Palm Beach Park of Commerce Association in the deal. Garine did not immediately respond to a request for comment.

SVN Florida also represented, the landlord, Oceanone Property, in a separate 9,875-square-foot medical office lease at 1680 South Central Boulevard in Jupiter. The tenant, Rayus Radiology was represented by Michael Feldman, senior director of Cushman & Wakefield’s Florida healthcare advisory practice, which did not immediately respond to a request for comment.

The Rayus lease is for 10 years with an asking rent of $33 per square foot, according to SVN.

Mark Hallum can be reached at mhallum@commercialobserver.com.