Parkway Seals 175-Acre Landmark Deal in Lake Mary 06.20.2019/Announcements We have crossed the threshold into multi-family housing, as part of an historic development in Lake Mary Wellness and Technology Park. With over $3.5 billion of assets under management, totaling 17 million sq. ft., we find innovative ways to create and deliver value in high-growth markets. With extensive Class A office experience, Jim Heistand is now diversifying Parkway’s portfolio with high-end, multi-family real estate. Acquiring 175 Acres in Lake Mary Lake Mary Wellness and Technology Park was the last, large piece of property in Lake Mary with I-4 frontage. Parkway’s senior VP, Richard Toomey, assessed the 175-acre site with the city to determine its best use. Once his master development plan was accepted, Richard performed the due diligence and un-entitlement/re-entitlement activities at city and state levels. In total, acquisition took five years. “This deal will go down in Lake Mary real estate history.”– Steve Noto, City of Lake Mary Planning Department Parkway has brought in Bove Development, LLC from Jacksonville to co-develop $10+ million in infrastructure. This will prepare the site for ultimate build-out, some of which has already started. With a scheduled completion date in August 2019, the first phase of Orlando Health’s $470 million build-out comes with an ER center, medical office space, and helicopter pad. Phase two entails a 240-bed hospital, parking deck, and more. Other great facilities sharing the acreage include: Assisted living and memory care (212 beds)4.5 star hotel (120 rooms)50 town homesClass A office complex (300,000 sq. ft.)Class A pure medical office (84,000 sq. ft.)Multi-family complex (300 units) A Multi-family Complex with State-of-the-art Amenities At a cost of $60+ million, Parkway is self-performing the multi-family development. Richard and Bove will co-develop the site, and construction starts July 2019 with a 20-month timeframe. The self-contained, multi-family complex will house triple A tenants and promote a sense of community. Combining this with the town homes, hospital, and assisted living facility creates an ideal live-work environment. “The multi-family component is one of our newest additions to our planned diversified portfolio.”– Jim Heistand, Parkway Owner & CEO Jim has charged Richard Toomey to lead Parkway’s new multi-family and land development division. Richard was instrumental in acquiring the Park and has handled all marketing and sales to date. With a history of successful investments in Class A offices, Parkway’s future in high-end, multi-family assets looks very promising. Media Contact A. Noni Holmes-Kidd 407.581.3351 email@example.com Next Up Parkway and Silverpeak Break Ground on 5 Million-Square-Foot Industrial Park in Lakeland, Fla.