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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