GTIS Partners affiliate buys North Park land

BUYER: GTIS I VGC LP, New York City
SELLER: Ryan Mixon LLC
PROPERTY: 1500 23rd St. E., 2201 and 2202 21st St. E., 2355, 2605, 2515, 2400 and 2420 26th Ave. E. and a portion of 23rd Street East, Bradenton
PRICE: $5 million
PREVIOUS PRICE: $10.86 million, February 2006
LAW FIRM ON DEED: Shutts & Bowen LLP, Tampa

PLANS, DESCRIPTION: A purchase entity led by New York City real estate investment firm GTIS Partners purchased 240.44 acres east of downtown Bradenton and north of Manatee Glens Hospital for $5 million.

The price equated to $20,795 per acre.