ORLANDO, Fla. – Rahway, N.J., and Jupiter, Fla.-based Denholtz Associates has acquired the 2.7 million sq. ft. Banayn Strategic Realty Trust portfolio for $186.25 million. The portfolio includes 291,304 sq. ft. of flex space in Orlando, where the company is opening its fourth Florida office, as well as an additional 716,483 sq. ft. of space throughout Florida.
Denholtz has also hired Cliff Rieger of Longwood as the property manager for the new Orlando office. Rieger has more than 20 years of experience with companies such as Trammell Crow Co., JMB Properties Co. and Allstate Insurance Co.