RA2 – Winter Gardens Village LLC Purchases Winter Garden Village From David Lukes For $165M
3251 Daniels Road
$165,000,000
$142/SF
Building Size
1,160,000 SF
Asset Type
Retail
Closing
Aug 4, 2025
AI
The Winter Garden Village shopping center, located at 3251 Daniels Road in Winter Garden, Florida, has been sold for $165,000,000. This retail asset encompasses a significant square footage of 1,160,000 and was transacted at a price per square foot of $142.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $165,000,000
- Buyer: RA2 – Winter Gardens Village LLC
- Seller: David Lukes - SITE Centers Corp.
- Square Footage: 1,160,000
- Price Per Square Foot: $142
- Market: Winter Garden
RA2 – Winter Gardens Village LLC, an entity associated with DWS Group, has acquired the property from David Lukes, representing SITE Centers Corp. This off-market deal marks the largest U.S. retail transaction of 2025 thus far, with notable tenants such as Target, Best Buy, and LA Fitness occupying the shopping center.
Players
Winter Garden Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93