JLL Capital Markets announced that it has closed on the sale of Treviso Grand, a Class A, 272-unit, garden-style apartment community located in the Venice submarket of Sarasota, Florida.
JLL worked on behalf of the seller, Zilber Ltd., to complete the sale to a private buyer.
Built in 2019, the luxury apartments consist of one-, two- and three-bedroom floorplan options with high-end amenities including a saltwater pool, pavilion space with grills, 24-hour fitness center equipped with yoga and aerobics space, two dog parks with a pet fountain and pet washing station, two bocce ball courts, an outdoor playground, lounge and a community walking trail surrounding a large lake.
Located at 100 Treviso Grand Circle, the property is positioned in the fast-growing Venice area, which is just 20 minutes south of Sarasota. Touted as a “Best Place to Live in Florida” according to U.S. News & World Report, Venice is known for its charming historic downtown, beautiful Gulf Coast beaches and championship golf courses.
The JLL Capital Markets team representing the seller was led by Senior Managing Director Matt Mitchell , Senior Director Zach Nolan and Associate Drew Jennewein.
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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.