
Denholtz Properties Begins 2020 with Sale of Orlando Flex Industrial Property
16 January 2020
Denholtz Properties has announced the sale of Parkway Commerce Center, a 92,575-square-foot flex industrial portfolio located at 4403-4649 Parkbreeze Court in Orlando, Fla. Joe Rossi and TJ Campton with the Rossi-Campton Team at Colliers International represented Denholtz in the transaction with a private buyer.
Originally acquired for $5.05 million in 2017, the two-building Parkway Commerce Center boasts a prime location near Downtown Orlando’s central business district, with easy access to major routes including North John Young Parkway, State Route 434, US Highway 441, and Interstate 4, and it sits within 12 miles of Orlando International Airport. Despite its advantageous location, the center had a 32% vacancy rate at acquisition.
Leveraging decades of experience in repositioning industrial assets, Denholtz Properties executed a targeted two-year stabilization plan to improve the asset’s occupancy and operational performance. This approach combined increased operational efficiency to drive tenant retention with proactive engagement across Orlando’s brokerage network to stimulate leasing activity.
“Although the individual investments vary, we approach every project with the same goal – creating value where others have missed it,” said Stephen Cassidy, President of Denholtz Properties. “This sale highlights our ability to apply creativity and operational expertise to stabilize and unlock value in a short period, delivering superior, risk-adjusted returns to our investors.”
With a favorable demographic trend and rapid growth in Orlando, Denholtz remains optimistic about further strategic acquisitions across the Central Florida market.