News release

Silver Star Commerce Center trades for $36.5M in Florida

JLL Capital Markets led the sales efforts for the eight-property industrial park

May 15, 2024

Alli Semans

Hotels & Hospitality and Capital Markets PR
+1 330 329 6750

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.

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

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 evolved over its 70-year history to consistently provide outsized investment returns. 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 over $1.2 billion of equity in more than 70 investments across the U.S. with an aggregated gross cost of $3.9 billion. For further information, visit:


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