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Denholtz Associates Secures Financing for Silver Star Commerce Center

HFF Arranges $11.2M Acquisitions Financing for Light Industrial in Orlando
February 21, 2018
Denholtz Associates secured $11.2 million in acquisition financing for its Silver Star Commerce Center at 3600 - 3820 Silver Star Rd. in Orlando, FL.

Michael Klein, Preston Reid, and Michael Weinberg with the debt placement team for Holliday Fenoglio Fowler (HFF) arranged the financing on behalf of the borrower, placing the three-year, floating-rate loan package with Rialto Management.

The proceeds will be used to make capital improvements such as a new façade, exterior painting, new tailboard and dock levelers, and putting in new truck wells and tenant entrance doors.

Denholtz and Militello Capital acquired the eight-building, 272,081-square-foot light industrial park from Brennan Investment Group in November 2017 for $12.05 million, or $44 per square foot, according to CoStar data.
See CoStar COMPS #4065147.

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