Acquisitions

Seeking quality, delivering excellence

Parkway is an active acquirer of parking real estate assets.

For generations, Parkway has leveraged innovative management, state-of-the-art technology, customer service solutions, design, real estate acumen, and joint-venture based collaboration to maximize parking asset values. Our goal is to create scale and diversification across markets to capitalize on emerging trends in the parking sector, commercial real estate generally, and the broader economy.

We seek acquisition opportunities in primary, secondary, and tertiary markets that have mature or emerging paid‐parking characteristics, a multiplicity of parking demand generators, and demonstrable economic momentum and business growth. Today, Parkway’s portfolio consists of parking and mixed-use assets in central business districts across the United States and Canada, including over 21,000 parking spaces across over 80 structured and surface assets.

Parkway recently established an acquisition fund to purchase surface parking lots in the United States and Canada. This platform is focused on acquiring surface parking lot facilities that have operating cash flows where a higher or better use may be achievable over a longer time horizon. Our long-term view, conservative use of debt, operating skills, local relationships, operating economies of scale, and structuring flexibility uniquely position us.

Whether you are an owner, broker, investor, or intermediary, we would enjoy connecting with you.

 

Contact our team at acquisitions@parkwaycorp.com

 

 

Acquisition Criteria

Type: Surface lots, garages, buildings with excess land, or dilapidated/compromised structures

Profile: Strong parking fundamentals and proximity to multiple demand drivers such as medical facilities, hotels, dining destinations, performance venues, government centers, courthouses, stadiums, arenas, convention centers, museums, airports, and office buildings

Minimum Lot Size: 0.50 acres / 20,000 square feet (will consider smaller sizes, if strategic)

Minimum Deal Size: $1,000,000 purchase price

Geography: Top 100 MSA’s with a preference for emerging markets experiencing in-migration and job growth; will consider trending sub-markets with good longer-term growth prospects 

Purchase Structure: Fee Simple, Joint Venture, Ground Lease, Installment Sales

 

 

Leadership

Our acquisitions team leaders are recognized real estate and parking industry experts.

Robert Zuritsky
Robert Zuritsky, CEO
David Dobkin Dan Dean
David Dobkin, Head of Acquisitions Dan Dean,Operating Partner

 

Contact our team at acquisitions@parkwaycorp.com