Commercial real estate firm NAI Signature Group has completed the sale of One Parklands Drive, formerly one of two office buildings in Darien”™s Parklands Office Park, to Norwood, Massachusetts-based LCB Senior Living. The sale price was not disclosed.
The developer/operator plans to build a 100,000-square-foot assisted living community with approximately 100 apartments on a 4-acre parcel to be known as The Residence at Selleck”™s Woods, as it adjoins the Selleck”™s Woods Nature Preserve, which provides public access to a series of walking trails.
LCB Senior Living will renovate the existing 25,000-square-foot, two-story building and add 75,000 square feet and parking underneath the new wing.
The transaction closed following a 30-month process to obtain a zone change, a text change, site plan approval and State Traffic Commission approval. LCB Senior Living plans to begin  construction in the coming weeks.
Nick De Luca and Bob Gillon of Darien-based NAI represented both LCB and the ownership, Parklands Office Park LLC.
Last June, NAI negotiated LCB”™s first Fairfield County site acquisition, a 1-acre parcel on Summer Street in Stamford on which it is building a seven-story, 100,000-square-foot assisted living and memory care community with 104 apartments. Following a similar zone change process that lasted almost 29 months, LCB has completed the demolition of existing buildings and other site work, beginning an estimated 18-month construction process.
