Fort Lauderdale, FL-based developer BTI Partners, LLC has paid $85 million for Governors Park, a 3,307-acre tract located in the Clay County section of Jacksonville, FL. The property is approved for 4000 single family units, 2,000 multifamily units, 840,000 square feet of commercial/retail, 700,000 square feet of office, 400 hotel rooms and 2,000,000 square feet of light industrial.

Andy Slowik, Joseph Lentz, Margery Johnson and Rachel Slowik of Cushman & Wakefield represented BTI Partners, LLC in the transaction, which marks the firms first major land purchase in the Jacksonville region. The seller was the Davis family and The PARC Group.

 “The new First Coast Expressway, running from Interstate 10 south through Clay County and across the St John’s River to St Johns County, has become a major driver of development in Clay County,” Cushman & Wakefield’s Florida land advisory team state in a statement.” This enhances plans for the Governors Park development project.”