The Shopping Center Group Arranges $6.7 Million Sale of Two-Tenant Portion of Retail Center in Florida

The portion of the acquired property totals 62,000 square feet and is triple-net-leased to Hobby Lobby and Sherwin Williams. The portion of the acquired property totals 62,000 square feet and is triple-net-leased to Hobby Lobby and Sherwin Williams.

St. Augustine, Fla. — The Shopping Center Group has arranged the $6.7 million sale of a two-tenant portion of Riverside Centre, a shopping center in St. Augustine.

Anthony Blanco and Lynn De Marco of The Shopping Center Group arranged the transaction on behalf of the seller, a joint venture between RCG Ventures and DRA Advisors LLC. An entity affiliated with Peter Sleiman Development Group acquired the asset. The portion of the acquired property totals 62,000 square feet and is triple-net-leased to Hobby Lobby and Sherwin Williams. Riverside Centre is also home to Bealls Outlet, Big Lots, Harbor Freight Tools, Buffalo Wild Wings, Longhorn Steakhouse, SunTrust Bank, Wendy’s and Taco Bell. 

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