BJ’s Wholesale Club is planning a facility in Posner Park, buying the last 11 acres of the 130 acres owned by Fort Lauderdale-based BTI Partners. The deal is under contract and in the planning stages with Polk County.
Westborough, Mass.- based BJ’s projects a 2024 buildout of a 103,004-square-foot discount club, plus an associated liquor store, 12 fueling stations, propane filling station and tire center at Grandview Boulevard and I-4, according to a site plan created by engineer Kimley-Horn.
Cushman & Wakefield brokers Andy Slowik and Margery Johnson represent BTI in the deal, Slowik told GrowthSpotter. The pair also represented BTI for the rest of the acreage. In 2020, BTI sold 21.5 acres to Posner Group Holdings LLC for $4.1 million and 9 acres to Cadance PartnerLLC for $1.1 million, CEO Noah Breakstone told GrowthSpotter at the time.
The Davenport site would be the first BJ’s in Polk County, adding to the retailer’s 221 clubs and 151 BJ’s Gas locations in 17 states. BJ’s has five stores in the Orlando market. In May, BJ’s announced plans to open six new clubs this fiscal year, including one in Port Charlotte.
BTI declined to comment on the yet-to-close deal with BJ’s. CEO Noah Breakstone told GrowthSpotter last year that Central Florida continues to be attractive for growth – retail, commercial and residential.
“These deals continue to demonstrate a growing appetite for well-located land in Central Florida - a region with one of the largest demographic(s) and job growth in the nation,” Breakstone said.
Posner Park is part of a mixed-use community with mutli-family residential, retail, business and hospitality. Posner Village will have three apartment communities, one of which will be age-restricted senior housing, a vacation home resort and business park in addition to the retail expansion now in its second phase. Posner Group plans to develop short-term rentals with 240 townhomes. Cadence Partners intends to build 80,000 square feet of flex office/warehouse space.
Posner Park already has shopping, entertainment, and transportation, with more planned. Polk County recently completed an intermodal transit station in Posner Village that will allow Polk transit riders to connect to greater Orlando’s LYNX public transit via Haines City.