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1300 Posner Boulevard

Updated Jun 2, 2025

Orion Real Estate Group Acquires Posner Commons Shopping Center In Davenport For $63.5M With $45M Loan
FINANCEDRetail

Orion Real Estate Group Acquires Posner Commons Shopping Center In Davenport For $63.5M With $45M Loan

1300 Posner Boulevard

$45,000,000

$97/SF

Building Size

460,565 SF

Asset Type

Retail

Closing

May 30, 2025

About this deal

AI

The Posner Commons shopping center, located at 1300 Posner Boulevard in Davenport, features an impressive retail space spanning 460,565 square feet. The property was acquired for a total purchase price of $63.5 million, with financing secured through a $45 million loan from Synovus Bank.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $63,500,000
  • Loan Amount: $45,000,000
  • Address: 1300 Posner Boulevard
  • Market: Davenport
  • Asset Size: 460,565 SF
  • Lender: Synovus Bank
  • Landlord: Joseph Sanz - Orion Real Estate Group
  • Broker Representatives: Aj Felberbaum, Jay Miller, Noah Rothman & Spencer Miller - BayBridge Real Estate Capital

The deal involved key representatives from Orion Real Estate Group and BayBridge Real Estate Capital, with Joseph Sanz representing the landlord, and the broker team comprising Aj Felberbaum, Jay Miller, Noah Rothman, and Spencer Miller facilitating the transaction. Notable anchor tenants at the property include Ashley Furniture, Best Buy, Dick’s, and JCPenney.

On the Map

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$45,000,000

$97/SF

Retail

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Players

Aj Felberbaum

BayBridge Real Estate Capital

Broker

$2.6B

vol

37 deals

Broker
Synovus Bank
Synovus BankLender
Joseph Sanz

Joseph Sanz

Orion Real Estate Group

Landlord

$180.8M

vol

6 deals

Landlord
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Davenport Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Deal FAQ

About $97 per square foot on a published $45M for 460,565 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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