West Coast apartment investor Pacific Urban Residential has
acquired a 402-unit Stamford apartment community for $154M.
CBRE announced is brokered the sale of Parc Grove Apartments
at 200 Broad Street. The CBRE team of Jeffrey Dunne, David Gavin, Gene Pride,
Jeremy Neuer, Steve Bardsley and Eric Apfel represented the seller, a global
real estate investment advisor, while also procuring the buyer, Pacific Urban
Residential LLC.
Commented Dunne, “The offering represented a highly unique
opportunity to buy a 5+ acre site, representing a full city block in the heart
of Downtown Stamford. In addition to its excellent location and amenities, Parc
Grove offers two large courtyards and incredible outdoor space, a rare amenity