TWO FLORIDA RETAIL CENTERS SELL FOR $4.5M

ST. AUGUSTINE, FLA. — The Roseview Group has advised a bank client in the $4.5 million sale of two unanchored retail shopping centers totaling 33,025 square feet. Located at the entrance to Palencia, a high-end residential and golf course community in St. Augustine, the retail centers are 78 percent leased to tenants including Dunkin’ Donuts, Starbucks, Donovan’s Pub and MediMD. Roseview directed the leasing and management of the center through the Sembler Co. and engaged a local broker on behalf of the lender. Cliff Taylor of CBRE represented the seller in the transaction.