Private Investment Group Purchases Property At 1450 Washington Blvd Stamford For $67M With CBRE Representation

The Wescott is an apartment community located at 1450 Washington Blvd, Stamford, CT. The property was sold for $67 million and encompasses 261 units. Built in 1986, it offers various amenities, including an indoor/outdoor pool, a clubroom with kitchen, a media lounge, a billiards room, a fitness center, tennis courts, a basketball court, an outdoor courtyard, and garage parking. Many of the units have been renovated featuring granite countertops, stainless steel appliances, new cabinets, updated bathrooms, lighting, and fixtures. Additionally, the property has an 8,500-square-foot vacant commercial space that was previously occupied by medical tenants.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: $67,000,000.00
• Address: 1450 Washington BLVD, Stamford, CT
• Market: Stamford
• Buyer: Private Investment Group
• Seller's Representative: Eric Apfel, Gene Pride & Jeffrey Dunne - CBRE

TH Real Estate, an affiliate of Nuveen, a TIAA company, successfully completed the sale of the property. The transaction was facilitated by the seller's representatives, Jeffrey Dunne, Gene Pride, and Eric Apfel from CBRE, who played a crucial role in the deal.