Janez acquired the Parkway Commerce Center, a 147,907 sf, multi-tenant industrial park in Poway for $22 million in a joint venture with Buchanan Street Partners of Newport Beach. Janez acquired the property through an affiliate, Parkway Commerce Center Holdings, LLC. Built in 1998, the four-building office-flex and industrial-warehouse center, at 13651-13771 Danielson Street, is 92 percent leased with 23 tenants, including Beverage Factory, TNT Logistics and Boyer Moving and Storage. Approximately 60,000 sf of the Poway Commerce Center serves flex-office users with space ranging from 1,900 to 3,500 sf. An additional 90,000 sf is allocated to industrial warehouse users leasing space ranging from 5,800 to 8,300 sf. Janez recently completed cosmetic improvements and has increased rental rates. The Parkway Commerce Center is centrally located along the I-15 Corridor in the South Poway Industrial Park, a vital, fast-growing, business community. The Janez team believes there is a high demand for this type of product mix in mid-county San Diego, with fewer new buildings coming on line to satisfy short term demand due to development constraints and rising construction costs.