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Florida & Gulf Coast  + Central Florida  + Industrial  |  March 8, 2020
David Cohen
By: David Cohen

JLL Secures $12M Refinancing for Orlando Industrial Facility

JLL has arranged a $12 million loan to refinance Silver Star Commerce Center, an eight-building, light industrial center totaling 254,915 square feet in Orlando.

Situated on nearly 20 acres at 3600-3820 Silver Star Road, Silver Star Commerce Center is in the Northwest Orange County Industrial submarket. Constructed in phases between 1971 and 1985, the facility features ceiling clear heights of 14 to 20 feet, and is less than 12 miles from Orlando International Airport. The 96%-leased property currently houses 28 tenants across 30 occupied suites.

Jon Mikula, Michael Klein, Maxx Carney and Carlos Silva of JLL secured the financing on behalf of the borrower, Denholtz Properties. BankUnited provided a seven-year, fixed-rate loan to refinance a loan placed in 2017 used to acquired the property and make capital improvements to the complex and individual units.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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