BlackRock Main Financial investment Officer Rick Rieder marketed a waterfront residence in Jupiter’s gated Admirals Cove local community to retired payments processing manager Ric Duquès.
Documents show Rick Rieder’s 197 Spyglass LLC bought the household at 177 Commodore Generate to Henry “Ric” Duquès and his wife, Dawn Duquès, for $14 million.
Deborah Puleo of Fosters Realty brought the prospective buyers, and Robert Thomson of Waterfront Properties & Club Communities had the listing.
Rieder is chief expense officer of world-wide fixed cash flow for New York City-dependent BlackRock, and heads its essential fastened cash flow business and world wide allocation investment decision workforce, the firm’s web page exhibits. He oversees $2.4 trillion really worth of property and sits on BlackRock’s World Executive Committee. He earlier labored at Lehman Brothers from 1987 till its collapse in the 2008 economical crisis.
BlackRock leased a “snowbird office” in Connected Companies’ 360 Rosemary creating in West Palm Seaside in 2022.
Ric Duquès is the previous chairman and CEO of First Knowledge, a payment processing and fintech company centered in Atlanta. Duquès helmed the agency when it was spun off from American Express in 1992, and it became the greatest processor of Visa and Mastercard transactions in the nation, according to posted reviews. Duquès retired in 2007 following overseeing the personal equity firm’s $29 billion acquisition of KKR, according to posted reviews. Brookfield, Wisconsin-based mostly Fiserv obtained the organization for $22 billion in 2019.
Rieder acquired the Commodore Drive property for $3.5 million in 2014, data clearly show. Developed in 2015 on 50 % an acre, the house spans 7,250 square ft, with six bedrooms, six bathrooms and two half-bogs, according to assets data. The home features a pool, dock and 120 toes of waterfront.
Rieder stated the house for $15 million in 2022, Redfin reveals.
In 2021, Rieder’s LLC acquired a further Admirals Cove residence at 197 Spyglass Courtroom for $7.3 million, information exhibit. He tore down the present property and finished an 11,500-square-foot waterfront mansion on the .7-acre assets last calendar year, in accordance to residence records.
Admirals Cove is a non-public boating-oriented neighborhood coveted by Jupiter’s luxurious purchasers. It has attracted significant-profile citizens like Donald Trump, Jr. and his fiancé Kimberly Guilfoyle, Mets pitcher Max Scherzer, and electronic payments billionaire Ron Clarke.
In May well, former Dodgers co-operator Jamie McCourt sold her waterfront household there for $15.5 million.
