Jones Lang LaSalle Incorporated : Silver Star Commerce Center trades for $36.5M in Florida

MIAMI, May 15, 2024 -  JLL Capital Markets announced earlier this week that it arranged the $36.5 million sale of Silver Star Commerce Center, a 254,915-square-foot eight-property industrial park in Orlando, Florida.

JLL worked on behalf of the seller and procured the buyer, Denholtz Properties and Long Wharf Capital.

Silver Star Commerce Center is located at 3600-3802 Silver Star Rd. and 3717-3763 Mercy Star Ct. The properties span 20acres and feature 18- to 20-foot clear heights and rear-load capabilities. It is currently 92 percent occupied by 27 tenants.

The industrial park is within the Northwest Orange County submarket, which is the second largest submarket in the metro by inventory and has proximity to the central business district. The area is serviced by numerous major roadways, including Interstate 4, the Florida Turnpike, State Road 429 and U.S. Route 441.

The JLL Capital Markets team was led by Managing Director Luis Castillo, Senior Director Cody Brais, and Analyst Taylor Osborne.

"Silver Star Commerce Centers' physical attributes, attractive mark-to-market, and compelling market fundamentals drove broad interest in this offering from a variety of capital sources," added Cody Brais. "We are thrilled to have represented the seller in this exciting transaction and to have achieved a mutually beneficial outcome for both parties involved."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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