Stoneweg US makes rock-solid deal in St. Petersburg

The company’s $114 million purchase of the Trellis at the Lakes apartments marks its first acquisition in its home city.

  • By Kevin McQuaid
  • | 6:00 a.m. November 20, 2020
  • | 0 Free Articles Remaining!
COURTESY PHOTO — The 688-Trellis at the Lakes apartment complex becomes Stoneweg US's first acquisition in St. Petersburg, where the company is headquartered.
COURTESY PHOTO — The 688-Trellis at the Lakes apartment complex becomes Stoneweg US's first acquisition in St. Petersburg, where the company is headquartered.
  • Commercial Real Estate
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In buying the Trellis at the Lakes apartment community for $114 million earlier this month, Stoneweg US has achieved a pair of firsts.

The deal for the 688-unit multifamily rental complex on nearly 60 acres marks its first in its five-year history in St. Petersburg, where the affiliate of Swiss-based Stoneweg Group and investment manager for Varia US Properties is headquartered.

 

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