Andy Slowik and Margery Johnson of Cushman & Wakefield represented the seller, an affiliate of BTI Partners, in the transaction. Eastwind Development acquired the property and is planning a 55+ apartment community for the site.
“The high traffic counts on both Interstate 4 and US 27 at this interchange contribute to the attractiveness of Posner Park,” Slowik said.
This is the fourth parcel of land Cushman & Wakefield has sold at Posner Park, and the additional parcels are set to be developed as multifamily, short-term rental and light industrial uses. Posner Park, a $500 million mixed-use development, located in the Orlando tourism corridor, currently includes a 170,000-square-foot retail center.
“Retail adjacent to the site contributes to walkable amenities for future tenants,” Johnson added.