News
Raleigh, N.C. (November 24, 2025) – Foundry Commercial announced the successful sale of two prominent downtown land parcels, completing both transactions within an unprecedented six-month marketing and closing timeline. The parcels – located in the heart of Downtown Raleigh and Downtown Orlando – were acquired by Parkway Corporation, a privately held real estate developer and parking operator known for mixed-use and parking assets across the U.S.
The 0.68-acre Raleigh property, located at 301 S. Wilmington Street, and the 2.13-acre Orlando property, which spans two parcels along Rosalind Avenue and Pine Street, both represent highly sought-after “main and main” locations with strong income-generating potential. Currently operated as cash-flowing parking lots, the assets attracted broad investor interest due to their premier locations and flexible development potential.
“These properties exemplify the type of irreplaceable, well-located land that continues to attract investor confidence even in a measured land market,” said Sarah Godwin, Partner at Foundry Commercial. “Working to sell this portfolio was a true cross-market collaboration. Our Raleigh and Orlando teams came together seamlessly to deliver outstanding results on an accelerated timeline.”
This deal leveraged Foundry’s integrated platform, with Godwin, Partner Karl Hudson, IV, Orlando land brokerage Senior Vice President Lawson Dann, and Debt & Structured Finance Vice President J.C. Tacot collaborating as one team to market and sell the second parcel. “Both lots were exceptional assets – high-visibility locations with steady income and incredible long-term potential,” Dann said. “The fact that both closed to the same buyer underscores the strength of the opportunity and the efficiency of the process.”
“We’re excited to acquire properties in the downtowns of two of the fastest growing markets in the Southeast,” stated Robert Zuritsky, President and CEO of Parkway Corporation. “Both Raleigh and Orlando continue to demonstrate strong economic momentum and population growth, making them ideal additions to our expanding portfolio. These strategic locations position us well in key urban centers that are experiencing significant development and demand.”
“These sales showcase how Foundry’s integrated platform – spanning brokerage, finance, and investment relationships – drives tangible results for institutional clients,” Godwin added. “This is a great example of what’s possible when our markets work together toward a common goal.”