Denholtz Properties Sells Two Orlando Industrial Properties Spanning 511K Square Feet

Denholtz Properties announces the sale of Cypress Industrial Park at 9500-9901 Satellite Boulevard in Orlando, Fla. and Silver Star Commerce Center at 3702 Silver Star Road in Orlando, Fla. The JLL Capital Markets team led by Managing Director Luis Castillo, Senior Director Cody Brais and Analyst Taylor Osborne represented Denholtz Properties in both transactions.

Acquired by Denholtz Properties in a joint venture partnership with Long Wharf Capital, a Boston-based private equity real estate manager focused exclusively on value-added investments in the U.S., in 2017, Silver Star Commerce Center is a 254,915-square-foot, eight-building industrial flex property that is currently 92% leased. It boasts a strategic location directly west of North John Young Parkway and benefits from nearby access to State Route 434 and US Highway 441 as well as Interstate 4. Additionally, Orlando International Airport is less than 12 miles from the property.

Also acquired in 2017, Cypress Industrial Park comprises five single-story light industrial buildings totaling 256,838 square feet on 23.47 acres. The fully leased property is less than 15 miles from Silver Star Commerce Center and easily accessible via both Interstate 4 and the Florida Turnpike as well as Orlando International Airport.

“We have created a highly efficient operating platform that allows us to flawlessly execute our simple strategy of unlocking value from under-achieving properties,” said Stephen Cassidy, President of Denholtz Properties. “This approach allowed us to complete our investment strategies at each of these properties and we look forward to identifying similar opportunities to deploy capital across the United States.”