The Parkway Commerce Center in Orlando, FL. has been acquired for $17.1 million by New Jersey-based Denholtz Associates and Washington, D.C.-based private equity firm Militello Capital. The duo paid paid $12.05 million for the portfolio of eight buildings 254,915 square feet of industrial flex space at 3600-3802 Silver Star Road. Also included in the sale is a nearby industrial flex building called Parkway Commerce Center at 3501 Parkbreeze Court in Orlando, which has 23 tenants and is currently 68 percent leased. On a per foot average the buyers paid a little under $50 per sqf for the 346,415 sqf assemblage.
