From still left: Tony Pettiti, Krispy Creme’s Michael Tattersfield, and BitPay’s Stephen Pair with 1500 Beach front Road (LinkedIn, Krispy Creme, Blizzard, Sea Glass)
Jeffrey Soffer finished a $168.8 million sellout of SeaGlass Jupiter Island condominium to a slew of private fairness traders, CEOs, and philanthropists, The True Offer has discovered.
The 10-tale, 21-unit development at 1500 Seaside Road finished development in late November. The job was a joint venture amongst Soffer’s Fontainebleau Progress and Perko Progress Associates, led by Philip J. Perko.
The associates experienced purchased out device house owners of Bowling Rock Club, a prior condominium on the internet site, in 2017. Fontainebleau and Perko demolished that setting up in 2019, and released sales of SeaGlass in early 2020. In 2021, the companions acquired $50 million in construction funding from Bank OZK.
The property sits on an ocean-to-Intracoastal parcel on Jupiter Island in Tequesta, with 170 feet of waterfront on each individual side. The development’s amenities contain a pool, club space, and gymnasium.
SeaGlass attracted a group of customers across industries, from hedge funders to former Key League Baseball executives. They compensated $5.5 million to $12 million for the 21 models, information display.
Here are some of the purchasers, in accordance to data:
Stephen Pair | CEO, BitPay
Stephen Pair and his wife Lisa bought device 901 in SeaGlass for $12 million in December.
Pair is CEO and co-founder of Atlanta-based BitPay, one particular of the biggest cryptocurrency payment platforms. The company was established in 2011 and has because elevated $74.3 million in funding, according to Crunchbase.
He was rated as 1 of Atlanta’s best business enterprise leaders of the yr by Atlanta Journal for 2023. Following the collapse of crypto giant FTX rocked the business, Pair mentioned, “A lot of people today — investors in individual — are heading to be a great deal a lot more cautious and a good deal extra skittish about creating investments in this area,” PYMNTS documented. A couple of months just after FTX’s collapse, BitPay introduced a partnership with MoonPay, a Net3 infrastructure company.
Joseph Deignan | companion, Solheim Investment Companions
JBeach LLC, a Florida entity managed by Joseph Deignan, bought the 5,200-sq.-foot, four-bed room device 803 for $10.2 million in November, data clearly show.
Deignan is a private equity investor and lover at Minneapolis-based Solheim Expense Companions, a private fairness business that invests in non-public, reduce-to-middle current market firms in the Midwest.
Prior to joining Solheim, Deignan co-started Wayzata Financial commitment Companions, a Wayzata, Minnesota-primarily based organization. Crunchbase stories the investment decision business has lifted $7 billion in cash and arranged three non-public equity resources considering the fact that 2004. Wayzata Financial investment Companions focuses on distressed assets, or what its web site calls corporations in “special situations” like bankruptcy and money restructuring.
Carmella Kletjian | co-founder, Kletjian Basis
Documents clearly show Carmella Kletjian acquired the 5,200-sq.-foot, 4-bed room unit 303 for $9.7 million in November.
Kletjian is the co-founder of the Kletjian Foundation, a Boston-based mostly world-wide health-focused nonprofit. She introduced the organization in 2012, just after her husband Steven Kletjian died of cancer in 2007.
Steven Kletjian inherited his father’s janitorial and routine maintenance enterprise, Unicco, in 1969, when he was 24, in accordance to his obituary. Just months right before he died, Steven Kletjian marketed Unicco to Australia-centered United Team Ltd. for $408 million.
Data exhibit Carmella Kletjian also purchased a 2,800-square-foot home in North Palm Beach front for $3.9 million in April.
Michael Tattersfield | CEO, Krispy Kreme
Michael and Christine Tattersfield acquired unit 401 for $6.4 million in November, in accordance to data. The 3,800-sq.-foot unit spans three bedrooms, according to the development’s web-site.
Michael Tattersfield is CEO of Krispy Kreme, the Charlotte, North Carolina-headquartered donut company. Tattersfield joined the business in 2017, and previously held CEO roles at Minneapolis-based mostly Caribou Espresso and Lakewood, Colorado-dependent Einstein Noah Restaurant Group. He is also a board member of El Tequileño, a tequila brand name dependent in Tequila, a city in the Mexican state of Jalisco.
Tony Petitti | previous COO, Key League Baseball
Data show Tony Petitti bought the 3,800-sq.-foot, three-bed room device 501 for $5.5 million in November.
Petitti is a sports activities and broadcasting government who put in 11 decades at Significant League Baseball. He joined it in 2008, when he helped launch MLB Network, and in advance of starting to be chief working officer and deputy commissioner of enterprise and media.
After leaving MLB, he used a brief stint as president of Activision Blizzard, a video game firm centered in Santa Monica, California. He most not too long ago joined The 33rd Crew, a sporting activities media firm, and sits on the government committee of the U.S. Golf Affiliation.
