Representatives of CBRE led by Jeffrey Dunne, Eric Apfel, Stuart MacKenzie, Travis Langer and Eric Greenberg, announced the sale of Stamford Urby, a 641-unit Class A multifamily community in downtown Stamford, Connecticut, for $221 million.
CBRE exclusively represented the seller. The buyer is Pantzer, a fully integrated owner/operator of multifamily assets along the eastern region of the United States. The property was re-named The Point Stamford. Maxi Leachman of CBRE secured the debt for Pantzer.
Located less than one-half mile from the Metro North Stamford Train Station, the property offers an amenities including a 5,500-square-foot fitness center, heated pool, oasis courtyard designed by renowned landscape architect Bas Smets, co-working spaces, a lobby-integrated café, outdoor fire pits and BBQ grills, covered parking, Amazon Lockers and a 24/7 welcome desk. Apartments feature designer-level finishes including gray quartz countertops, Carrara marble kitchen backsplash, sustainable NuWud laminate flooring and in-unit vented washers/dryers.
“The property represented a rare opportunity to acquire scale in one of the Northeast’s fastest-growing sub-markets,” said Jeff Dunne, vice chairman at CBRE. “The property’s design, amenities, and location fit squarely within the profile of best-in-class communities in high-growth, transit-oriented markets.”
