News release

$24M in financing secured for an eight-property, shallow-bay industrial park in Orlando

JLL Capital Markets represented Denholtz Properties and Long Wharf Capital in securing the loan for Silver Star Commerce Center

June 17, 2024

Kristen Murphy

Capital Markets, Hotels & Hospitality and Value & Risk Advisory PR
+1 617 848 1572

MORRISTOWN, N.J., June 17, 2024 –  JLL Capital Markets announced today that it arranged $24 million in financing to recapitalize Silver Star Commerce Center, an eight-building, shallow-bay industrial park totalling 254,915 square feet in Orlando, Florida.

JLL worked on behalf of the borrower, a joint venture between Denholtz Properties and Long Wharf Capital, and secured the loan from Webster Bank.

Silver Star Commerce Center is currently 95 percent occupied by 29 tenants spanning various industries, including construction, manufacturing, transportation and warehousing and utilities. The portfolio features ceiling heights between 18 and 20 feet along with 69 loading docks, 20 drive-in doors and a total of 508 parking spaces.

The portfolio is located at 3600-3802 Silver Star Rd. and 3717-3763 Mercy Star Ct. Silver Star Commerce Center is in Northwest Orange County, which is one of the fastest growing submarkets in Central Florida within the Orlando Market, which currently exhibits an overall vacancy of 6.1%.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Directors Jon Mikula, Michael Klein and Melissa Rose, Associate Salvatore Buzzerio, and Analyst Jovanni Rodriguez.

“Shallow-bay industrial continues to perform well with consistent rent growth and demand,” said Mikula.

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.

For more news, videos and research resources, please visit JLL’s newsroom.

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Denholtz Properties

Denholtz Properties is a privately held, vertically integrated commercial real estate investment and development company with a diversified portfolio of assets in strategic markets. Based in Red Bank, N.J. with a regional headquarters in Orlando, Fla., Denholtz Properties specializes in the acquisition and development of ground-up multifamily, industrial/flex and office properties. Driven by an entrepreneurial spirit and a commitment to excellence, Denholtz Properties has continuously provided outsized investment returns over its 70-year history. Additional information for Denholtz Properties is available online at

About Long Wharf Capital

Long Wharf Capital LLC is a Boston-based private equity real estate manager focused exclusively on value-added investments in the U.S.  Formed in 2011, the firm invests on behalf of institutional clients including pension funds, endowments, foundations, and family offices. Long Wharf’s investment approach utilizes multiple value creation strategies to target opportunities across property sectors and U.S. markets.  Since Long Wharf’s first fund in 2012, the team has invested $1.3 billion of equity in more than 80 investments across the U.S. with an aggregated gross cost of $4.0 billion. For further information, visit:

About Webster

Webster Bank (“Webster”) is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country’s largest providers of employee benefits and administration of medical insurance claim settlements solutions. Webster is a values-driven organization headquartered in Stamford, CT, with $76 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at