23.35 acres of land located on Arapaho Avenue in St. Augustine were sold for $15 million on February 26. The transaction involved five parcels, with Toll Brothers Inc acquiring the properties from Robert Finvarb Companies through Windward Shipyard Land Holdings LLC.

Summary of transation details:

• Property Type: Land
• Transaction Amount: $15,000,000
• Address: Arapaho Avenue
• Market: St. Augustine
• Buyer: Douglas C. Yearley, Jr. - Toll Brothers Inc
• Seller: Robert Finvarb - Robert Finvarb Companies
• Brokers: Erik Bjornson & Tyler Nilsson - Institutional Property Advisors

The deal was facilitated by Erik Bjornson and Tyler Nilsson of Institutional Property Advisors, who represented Toll Brothers Inc in the acquisition of the land parcels. The involvement of key individuals and companies highlights the strategic nature of the transaction in St. Augustine's real estate market.