Camellia World Commerce Center apartments sold for $53.3 million

A New Jersey-based company bought the community developed by Corner Lot in 2022.

  • By Monty Zickuhr
  • | 4:02 p.m. December 20, 2023
  • | 0 Free Articles Remaining!
An aerial view of Camellia World Commerce Center apartments at 50 Palma Vista Way in St. Augustine.
An aerial view of Camellia World Commerce Center apartments at 50 Palma Vista Way in St. Augustine.
Camellia World Commerce Center apartments
  • Real Estate
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Camellia World Commerce Center apartments in St. Augustine sold Dec. 19 for $53.3 million.

The 210-unit community, built in 2022, sits on 11.13 acres at 50 Palma Vista Way. It is near International Golf Parkway north of Florida 16 and west of Murabella.

The buyer was LVP Camellia Associates LLC of Lakewood, New Jersey. The buyer shares an address with Lightstone, a real estate investment and development company. It says it operates in 26 states and with more than 25,000 multifamily units. 

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