Sun. Jun 4th, 2023

STAMFORD — The downtown Parc Grove apartment complex has offered for $154 million, in Stamford’s premier property sale this calendar year.

Area residence records verified the sale of the 402-device property at 200 Wide St., although commercial real estate agency CBRE declared the deal this week, noting that it “represented a world wide serious estate expense adviser, when also procuring the purchaser, Pacific Urban Residential LLC.”

“The presenting represented a extremely exclusive prospect to buy a five-furthermore acre website, representing a entire metropolis block in the heart of downtown Stamford,” CBRE’s Jeffrey Dunne stated in a statement.

CBRE’s David Gavin, Gene Pride, Jeremy Neuer, Steve Bardsley and Eric Apfel ended up also concerned in the transaction.

A message remaining Tuesday for Palo Alto, Calif.-based Pacific Urban Residential was not returned.

Pacific City “is an market-main West Coastline apartment trader,” according to its web site. “We are condominium experts with practical experience in obtaining and executing asset strategies for nicely over 100 condominium communities. Our repositioned communities give wanted housing for virtually 17,000 West Coast citizens.”

The vendor of Parc Grove was Town Grove LLC, in accordance to residence data. It lists a company tackle of 751 Wide St., in Newark, N.J. — the very same deal with as the headquarters of insurance policy giant Prudential.