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RA2 – Winter Gardens Village LLC Purchases Winter Garden Village From David Lukes For $165M

Property Image
SOLD
$165,000,000

Florida

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Retail1,160,000 SF
Sold 08/04/2025
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Property Image
SOLD

RA2 – Winter Gardens Village LLC Purchases Winter Garden Village From David Lukes For $165M

3251 Daniels Road

See Similar Deals
Retail1,160,000 SF
Sold 08/04/2025
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$142
Total Square Footage:1,160,000 SF
Transaction Type:Sale

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

David Lukes
28 deals$1.6B volume
SELLER

Details

SOLD
IMAGE: David Lukes DATE: 08/04/2025 ADDRESS: 3251 Daniels Road MARKET: Winter Garden ASSET TYPE: Retail BUYER: RA2 – Winter Gardens Village LLC SELLER: David Lukes - SITE Centers Corp. SALE PRICE: $165,000,000 SF: 1,160,000 ~ PPSF: $142 NOTE: Site Centers Corp. has sold the 1.16M-sf Winter Garden Village shopping center in Florida for $165M to RA2 – Winter Gardens Village LLC, an entity tied to DWS Group. The off-market deal is the largest U.S. retail transaction of 2025 to date, with major tenants including Target, Best Buy, and LA Fitness.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$586,210.14
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