MIAMI, July 30, 2019 – JLL announced today that it has closed the $30.3 million sale of The Gardens at Nova, a 140-unit, value-add multi-housing community in Broward County, a prime suburban growth market in South Florida.

 JLL marketed the property exclusively on behalf of the seller, Grand Peaks Properties, Inc. Robbins Property Associates purchased the asset. 

 The Gardens at Nova comprises 16 garden-style residential buildings housing two-bed, two-bath units averaging 1,173 square feet and one clubhouse/leasing office. In addition to the clubhouse, the pet-friendly community features a business center, fitness center, coffee bar, swimming pool, outdoor kitchen with barbeque grill and sun deck. The Gardens at Nova is situated on nine acres at 6857 College Court in Davie, which, as home to the 545-acre South Florida Education Center (SFEC), serves as South Florida’s epicenter of higher education and includes five different educational institutions: Nova Southeastern University, Florida Atlantic University – Davie Campus, Broward College, University of Florida – Fort Lauderdale Research and Education Center and McFatter Technical College and High School. The Gardens at Nova is located directly across the street from SFEC and is proximate to grocers, retail, parks and restaurants. Additionally, the property has easy access to Interstate 595, Broward County’s primary east-west highway, which provides residents with short commutes to downtown Fort Lauderdale and top suburban employment corridors.

 The JLL investment advisory team was led by Maurice Habif, Simon Banke and Victor Garcia.

 “The Gardens at Nova is a fantastic asset with tremendous growth potential, in large part due to its central location in the Town of Davie, proximate to both major employment and demand drivers, as well as a strong highway network,” Banke said.