Michael Tsoumpas Acquires Retail Property In St. Augustine For $24.1M

The retail property located at 170 Village Commons Drive in St. Augustine has been sold for a total of $24,100,000. The property spans over 52,070 square feet, resulting in a price per square foot of $463. The transaction took place on January 25, 2023. The seller in this deal was Stiles Corporation JV Cantrell & Morgan, while the buyer was Michael Tsoumpas.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $24,100,000
• Square Footage: 52,070 SF
• Price per Square Foot: $463
• Address: 170 Village Commons Drive, St. Augustine
• Market: St. Augustine

The transaction was facilitated by JLL, with the following brokers representing both parties: Danny Finkle, Eric Williams, Jorge Portela, Kim Flores, Michael Kavaler, Cameron Beck, Alex Sharrin, and Jeffrey Cicurel. Their efforts contributed to the successful completion of the deal.