{"id":162604,"date":"2026-02-20T14:11:09","date_gmt":"2026-02-20T14:11:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/162604\/"},"modified":"2026-02-20T14:11:09","modified_gmt":"2026-02-20T14:11:09","slug":"stiles-acquires-93-acres-at-world-commerce-center-in-st-johns-county","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/162604\/","title":{"rendered":"Stiles acquires 93 acres at World Commerce Center in St. Johns County"},"content":{"rendered":"<p id=\"h909328-p1\" class=\"permalinkable\">Fort Lauderdale-based Stiles Retail Group announced a $45 million acquisition of more than 93 net developable acres across six parcels at World Commerce Center in St. Johns County.<\/p>\n<p id=\"h909328-p2\" class=\"permalinkable\">Stiles made the purchase through WCC DRI Owner LLC. The seller was World Commerce Developer through Steinemann &amp; Co. A partnership including Stiles, Jacksonville-based Cantrell &amp; Morgan and Charlotte, North Carolina-based FCA Partners will assume the existing Development of Regional Impact and all project entitlements.<\/p>\n<p><img decoding=\"async\" alt=\"Stiles Retail Group acquired more than 93 developable acres across six parcels at World Commerce Center in St. Johns County.\" class=\"media-element file-default fr-fic fr-dii\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/02\/world_commere_center_parcels_t850.jpg\" title=\"Stiles Retail Group acquired more than 93 developable acres across six parcels at World Commerce Center in St. Johns County.\"\/><\/p>\n<p>Stiles Retail Group acquired more than 93 developable acres across six parcels at World Commerce Center in St. Johns County.<\/p>\n<p id=\"h909328-p4\" class=\"permalinkable\">\u201cThe strength of this market and the scale of the entitled land give us strong confidence in the project\u2019s long-term success,\u201d said Ryan Karlin, president of Stiles Retail Group.<\/p>\n<p id=\"h909328-p5\" class=\"permalinkable\">The acquisition includes Legends Landing, a 40-acre mixed-use retail development along International Golf Parkway, plus five additional parcels that together form one of the largest entitled commercial land assemblages in Northeast Florida.<\/p>\n<p id=\"h909328-p6\" class=\"permalinkable\">Legends Landing is near Interstate 95, surrounded by more than 13,000 residential units planned or under construction within 5 miles. The site is adjacent to Costco, Buc-ee\u2019s, Home Depot and Bass Pro Shops. The parcels are entitled for a mix of national retailers, restaurants, hospitality, office and residential uses.<\/p>\n<p id=\"h909328-p7\" class=\"permalinkable\">\u201cThis acquisition represents a rare opportunity to control a fully entitled, large-scale development portfolio in one of Florida\u2019s strongest growth markets,\u201d said Jim Loftin, co-CEO of Cantrell &amp; Morgan.\u00a0<\/p>\n<p><img decoding=\"async\" alt=\"A conceptual site plan for Legends Landing shows eight outparcels, a 50,000-foot-grocery store, a 30,000-square-foot furniture store and 13 restaurant, retail, hotel and office buildings.\" class=\"media-element file-default fr-fic fr-dii\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/02\/conceptual_site_plan_a_t850.jpg\" title=\"A conceptual site plan for Legends Landing shows eight outparcels, a 50,000-foot-grocery store, a 30,000-square-foot furniture store and 13 restaurant, retail, hotel and office buildings.\"\/><\/p>\n<p>A conceptual site plan for Legends Landing shows eight outparcels, a 50,000-foot-grocery store, a 30,000-square-foot furniture store and 13 restaurant, retail, hotel and office buildings.<\/p>\n<p>Stiles and Cantrell &amp; Morgan<\/p>\n<p id=\"h909328-p8\" class=\"permalinkable\">Stiles\u2019 website, stiles.com, identifies the Stiles Retail Group\u2019s core market as Florida and the Carolinas. It says the group\u2019s focus is \u201cdevelopment and redevelopment of grocery-anchored shopping centers, regional power centers and neighborhood retail centers that feature a effective mix of high quality and nationally recognized tenants.\u201d<\/p>\n<p id=\"h909328-p9\" class=\"permalinkable\">Cantrell &amp; Morgan says it is the largest locally owned and privately held commercial real estate firm in North Florida. It specializes in retail development, brokerage and property management.<\/p>\n<p id=\"h909328-p10\" class=\"permalinkable\">FCA is a real estate investment management company that \u201cpursues commercial real estate investment opportunities in high-growth markets on behalf of institutional capital,\u201d according to <a href=\"http:\/\/fcapartners.com\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">fcapartners.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"A conceptual site plan for Legends Landing shows five outparcels, a 50,000-square-foot and 40,000-square-foot furniture store and a 142,500-square-foot big box store. There are also four restaurant buildings and two 10,00-square-foot retail buildings.\" class=\"media-element file-default fr-fic fr-dii\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/02\/Conceptual_site_plan_b_t850.jpg\" title=\"A conceptual site plan for Legends Landing shows five outparcels, a 50,000-square-foot and 40,000-square-foot furniture store and a 142,500-square-foot big box store. There are also four restaurant buildings and two 10,00-square-foot retail buildings.\"\/><\/p>\n<p>A conceptual site plan for Legends Landing shows five outparcels, a 50,000-square-foot and 40,000-square-foot furniture store and a 142,500-square-foot big box store. There are also four restaurant buildings and two 10,00-square-foot retail buildings.<\/p>\n<p>Stiles and Cantrell &amp; Morgan<img decoding=\"async\" alt=\"The Legends Landing area is southeast of Buc-ee's in World Commerce Center near the entrance to World Golf Village.\" class=\"media-element file-default fr-fic fr-dii\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/02\/legends_landing_vert_t850.jpg\" title=\"The Legends Landing area is southeast of Buc-ee's in World Commerce Center near the entrance to World Golf Village.\"\/><\/p>\n<p>The Legends Landing area is southeast of Buc-ee&#8217;s in World Commerce Center near the entrance to World Golf Village.<\/p>\n<p>Stiles and Cantrell &amp; Morgan<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Fort Lauderdale-based Stiles Retail Group announced a $45 million acquisition of more than 93 net developable acres across&hellip;\n","protected":false},"author":2,"featured_media":162605,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[116,118,117],"class_list":["post-162604","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jacksonville","tag-jacksonville","tag-jacksonville-headlines","tag-jacksonville-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/162604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=162604"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/162604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/162605"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=162604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=162604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=162604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}