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I-4 Retail Center Hits Home Runs

DAVENPORT, FL-Posner Park reaches 90% occupancy on a former baseball site.

By Carl Cronan | Updated on September 12, 2008

(Carl Cronan is editor of Real Estate Florida.)

DAVENPORT, FL-Posner Park, a 630,000-sf power center at the southeast corner of Interstate 4 and US 27, appears to be defying the logic of an economic downturn. While other retail centers are struggling with sales and occupancy lately, this one has topped 90% leasing with all anchors in place and plenty of smaller spaces for specialty shops and services.

The so-called “power center” marks the first phase of a $500-million mixed-use development on the site of the former Baseball City complex, which featured a spring-training stadium and theme park. The Kansas City Royals used to hit home runs and go through workouts there before relocating their spring site six years ago to Surprise, AZ.

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