Davenport, Fla. — Colliers has arranged the $63.5 million sale of Posner Commons, a 731,000-square-foot regional shopping center located in Davenport, roughly 25 miles southwest of Orlando. Target and a newly constructed BJ’s Wholesale Club shadow anchor the property, which was 95.5 percent leased at the time of sale. Other tenants at the center include JCPenney, Dick’s Sporting Goods, Cinépolis, Best Buy, Ross Dress For Less, Ashley Furniture, Michaels, Staples, PetSmart, Books-A-Million and Dollar Tree. Situated seven miles from Walt Disney World, the property spans 91 acres.
Brad Peterson, Whitaker Leonhardt and Eric AmRhein of Colliers represented the seller, PREP Property Group, in the transaction. The buyer was Orion Real Estate Group. BayBridge Real Estate Capital arranged financing.