Sleiman Centers LLC buys two St. Augustine shopping centers for $10.675 million

The company bought them in an auction ordered by an Arizona court.

  • By Monty Zickuhr
  • | 5:35 p.m. August 22, 2024
  • | 0 Free Articles Remaining!
The Plaza Palencia shopping center at 7440 U.S. 1 N.
The Plaza Palencia shopping center at 7440 U.S. 1 N.
  • Real Estate
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Jacksonville Beach-based Sleiman Centers LLC bought two St. Augustine shopping centers in receivership for a total of $10.675 million.

The properties were auctioned in June via a U.S. District Court for the District of Arizona court order. The winning bidder was Sleiman Centers LLC. The deeds for both properties were signed by the receiver Aug. 9.

Through Mercado Walk LLC, Sleiman acquired a Starbucks-anchored shopping center at 155-167 Palencia Village Drive for $6.5 million. 

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