David Lukes Of SITE Centers Acquires Retail Asset In St. Augustine For $12.5M

The sale involved a retail asset located at 833 South Ponce De Leon Boulevard in the St. Augustine market. The property, which spans 2.76 acres and includes a total square footage of 26,161, was purchased for $12,500,000. The price per square foot was recorded at $478. This shopping center was developed in 2017 and is anchored by Diane’s Natural Market, featuring tenants such as Jersey Mike’s, Orangetheory Fitness, and Calico Cactus.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,500,000
• Buyer: David Lukes - SITE Centers
• Seller: Sano Vita LLC
• Square Footage: 26,161
• Price per Square Foot: $478
• Acres: 2.76
• Date of Transaction: 09/24/2025

David Lukes represented SITE Centers in this transaction, acquiring the property from seller Sano Vita LLC. The transaction involved a significant retail asset known as Diane’s Marketplace, furthering SITE Centers' portfolio in the area.