Parc Grove Apartments, a 402-unit rental apartment complex at 200 Broad St. in Stamford, has been sold for $154 million.
The two-building, four-story development was opened in 1996 and includes a two-story fitness center and cross-training room, a resort-style pool, indoor basketball court, fireplace lounge and garage parking.
CBRE represented the seller, the New Jersey-based global investment adviser PGIM Real Estate, and procured the buyer, Pacific Urban Residential LLC, a multifamily investor headquartered in Palo Alto, California.
