Willow Grove apartment complex in Danbury sold for $31.25M

Willow Grove, a 135-unit apartment complex at 101 Avon Lake Road in Danbury, was sold by Beachwold Residential to an affiliate of Friedkin Realty LLC for $31.25 million.

Willow Grove was built in 1999 and includes a clubroom, 24-hour fitness center and pool. During the past three years, the development underwent a renovation program, with 75 percent of the apartments receiving new kitchens, light fixtures and baths. Friedkin Realty is expected to complete the community”™s renovations.

CBRE represented the seller in this transaction.