PHILADELPHIA, Nov. 4, 2025 /PRNewswire/ — Expressway Company, an actual property developer, investor, and operator, is happy to announce the purchase of parking a lot in Raleigh, North Carolina and Orlando, Florida. A Expressway associate finished the purchase. The transactions have been facilitated via Foundry Business, which represented the vendor and controlled the promoting procedure throughout each markets.
“We’re excited to acquire properties in the downtowns of two of the fastest growing markets in the Southeast,” said Robert Zuritsky, President and CEO of Expressway Company. “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.”
The Foundry Business workforce, led via Companions Sarah Godwin and Karl Hudson, IV, in Raleigh, and Senior Vice President Lawson Dann in Orlando and J.C. Tacot, Vice President in Tampa, collaborated intently to shoot the sale.
“In today’s challenging market environment, our strong balance sheet, operational expertise, and reputation for certainty of execution continue to position Parkway as a preferred buyer for institutional sellers seeking reliable transaction partners,” added Zuritsky.
“Parkway’s interest in both markets led to their combined offer to purchase both lots, creating significant efficiencies for the seller,” said Godwin. “Their dual expertise as a leading parking operator and a real estate developer with longer time horizons uniquely positioned them to execute this transaction.”
Raleigh, North Carolina
Expressway received a .68-acre floor quantity positioned at the nook of Wilmington Side road and Martin Side road in Downtown Raleigh. The detail is positioned within the middle of town’s central trade district and is in related proximity to Moore Sq., Marbles Youngsters Museum, Town Marketplace, and diverse place of job structures, eating places, and bars. Additionally it is related to the Raleigh Conference Heart, which is these days present process a big growth that incorporates the relocation of Crimson Hat Amphitheater and the development of a 600-room Omni Resort. Foundry’s Raleigh-based land advisory workforce, led via Godwin and Hudson, strategically advertised the homes to buyers in quest of long-term mixed-use attainable, producing vital purchaser passion and aggressive do business in. Mike Wilen with South Atlantic Websites represented Expressway within the Raleigh transaction.
Orlando, Florida
Expressway additionally received a 2.13-acre floor quantity positioned at South Rosalind Road and Pine Side road in Downtown Orlando. The detail is preferably located one prohibit from Pool Eola, the enduring landmark of Downtown Orlando, and is at once adjoining to the Orange County Management Development, Capital Plaza, and the Embassy Suites Downtown Orlando. The website online is in related proximity to the Dr. Phillips Heart for the Appearing Arts, Walt Disney Amphitheater, and diverse eating places, bars, and leisure venues. The Orlando transaction used to be led via Foundry Business’s Lawson Dann and J.C. Tacot, whose workforce leveraged Foundry’s native marketplace perception and cross-market relationships to succeed in a unbroken last in coordination with Expressway and the vendor.
“With this acquisition, Parkway has invested in 19 parking lots across the country since 2021,” mentioned David Dobkin, Managing Director and Head of Acquisitions. “This transaction builds upon the successful acquisition strategy established by our Parkway U.S. Land Carry Fund I and demonstrates our continued ability to identify high-quality urban parking assets in markets with strong fundamentals and growth potential.”
Consistent with Foundry Business’s Sarah Godwin, the partnership between the vendor and Foundry exemplifies the company’s built-in platform manner, combining brokerage, capital markets experience, and deep regional marketplace wisdom to bring remarkable results for institutional purchasers.
About Expressway
Expressway is a full-service actual property developer, investor, and operator with deep experience in detail and parking control. Expressway Company has been an trade chief for over 100 years in combining operational excellence and cutting edge era to bring remarkable merchandise and buyer stories.
Expressway makes acquisitions in number one, secondary, and tertiary markets with mature or rising paid‐parking traits, a couple of parking call for turbines, and demonstrable financial momentum and trade expansion. This platform makes a speciality of obtaining floor parking quantity amenities with wave working money flows the place the next or higher worth is also achievable over an extended moment horizon.
Extra details about the corporate is to be had at www.parkwaycorp.com or tie with us on Facebook, LinkedIn, and Instagram.
About Foundry Business
Foundry Business is a full-service industrial actual property services and products and funding corporate working throughout place of job, commercial, retail, multi-family, healthcare, non secular, and not-for-profit asset categories and purchasers. Targeted at the Solar Belt markets, Foundry is continued via greater than 4,000 buddies working from 12 markets, offering leasing and control on greater than 77 million sq. toes and over 4,590 seniors housing gadgets, in most cases executing over $2 billion in leasing, tenant rep, and funding sale transactions once a year. Foundry’s construction and funding platform is absolutely built-in with its services and products trade and is these days invested in over $4.8 billion in joint ventures with most of the best-known institutional buyers within the nation. For more info, consult with www.foundrycommercial.com.
Expressway Touch:
Sara McGovern, Slice Communications
[email protected]
610-914-5977
Foundry Business Touch:
Sarah Godwin
[email protected]
919-309-5819
SOURCE Expressway Company
