The developer of Tampa’s Westshore Marina District has sold off a parcel of a mixed-use project in Polk County. BTI Partners, based in Fort Lauderdale, sold a 7-acre parcel in Davenport’s Posner Park to Eastwind Development, which is planning to build a 55-and-up apartment complex on the property.
Posner Park is a 100-acre mixed-use development site near the interchange of Interstate 4 and U.S. 27. BTI started selling off parcels in the project in 2018, GlobeSt reports.
“BTI’s flagship investment strategy is predicated on acquiring residential and mixed-use land located in a path of economic growth, with a focus on major MSAs across Florida,” said Justin Onorato, CIO of BTI Partners, in a statement. Andy Slowik and Margery Johnson of Cushman & Wakefield represented the seller, an affiliate of BTI, in the transaction.
“The high traffic counts on both Interstate 4 and US 27 at this interchange contribute to the attractiveness of Posner Park,” Slowik said in a statement.
This is the fourth parcel within Posner Park that Cushman has sold, the brokerage firm said. The property is home to a 170,000-square-foot retail center.
“Retail adjacent to the site contributes to walkable amenities for future tenants,” Johnson said.