JLL Capital Markets announced that it has secured the sale of Eight Winds, a 280-unit luxury multifamily community in St. Augustine, Florida.
JLL represented the seller, Altis Cardinal. The buyer was Debartolo Development, LLC. JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Directors Cliff Taylor and Joe Ayers.
Eight Winds, located at 50 Wexford Way in St. Augustine’s rapidly growing St. Johns County submarket, offers convenient access to I-95 and the International Golf Parkway. The property is strategically positioned near major employment centers, top-rated schools and expanding retail footprints.
St. Johns County continues to be one of the fastest-growing counties in Florida, boasting one of the state’s top schools and a thriving economy driven by population growth, diverse business environment and strong education and healthcare sectors.
Eight Winds, a newly constructed Class A+ apartment community, offers a contemporary living experience with 297,428 square feet of rentable space. This modern apartment community features a diverse range of one-, two- and three-bedroom units, all designed with high-end finishes and smart home technology.
“The successful sale of Eight Winds underscores the continued strength and attractiveness of the St. Johns County multifamily market,” said Taylor. “This property’s strategic location, best-in-class amenities, and high-quality finishes make it a standout investment opportunity in one of Florida’s most desirable submarkets.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
