Denholtz Associates Negotiates Three New Leases at Parkway Commerce Center in Orlando, Fla.4.16.2019
Orlando, Fla. (April 16, 2019) – Denholtz Associates announces three new industrial/flex leases at Parkway Commerce Center at 4403-4649 Parkbreeze Court in Orlando, Fla. Leases include Cat5 Resources , LLC for 3,750 square feet, Rapid Estate Liquidators, LLC for 3,758 square feet and Acceptance LLC for 2,250 square feet.
A two-building, 92,575-square-foot industrial flex property, Parkway Commerce Center offers unparalleled access and a strategic location nearby Downtown Orlando’s central business district. Directly west of North John Young Parkway, the property also provides convenient 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. Parkway Commerce Center is currently 83% leased by 27 tenants.
“When we acquired Parkway Commerce Center in 2017, the property had a comparatively lower occupancy than that of our other Orlando holdings, but our experience with stabilizing multi-tenant properties enabled us to market the available space to return the property to high occupancy and profitability,” said Christina Jordan, Director of Leasing at Denholtz Associates. “As with every one of our properties, superior tenant service and skillful ownership helps drive high tenant retention and satisfaction at Parkway Commerce Center which is vital to the continued success of our overall investment strategy in this market.”
Kristin Bailey of Jones Lang LaSalle represented Denholtz Associates in the transactions.