JMG Realty has sold Highlands Viera West, a multi-housing property in Melbourne, Fla., just southeast of Orlando, for $60 million.
The new owner is an affiliate of The ConAm Group, which owns and operates more than 4,000 apartment units throughout Florida.
Highlands Viera West, with 240 units, is a two- and three-story, elevator-served suburban garden-apartment community, featuring one-, two- and three-bedroom units with high-end finishes and best-in-class amenities, including a fitness center, deluxe clubroom and lounge and resort-style pool with a gazebo area. The property, constructed in 2008, was built to “condo quality,” with units averaging 1,250 square feet. JMG added “hard surface” counters and LVT flooring on the interiors and expanded the fitness center in the clubhouse. The property is located immediately adjacent to The Avenues (a 500,000-square-foot power center) and has frontage directly along I-95.
Located at 2185 Judge Fran Jamieson Way,
