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Two CT Multifamily Properties Trade for $173M

CBRE also reported it represented TH Real Estate, an affiliate of Nuveen, a TIAA company, in the sale of The Wescott, a 261-unit Class-A apartment community in Stamford, to a private New Jersey based investment group for $67 million.

By John Jordan | Updated on December 08, 2017

597 Westport is a 235-unit luxury apartment community located on the Norwalk-Westport border. 597 Westport is a 235-unit luxury apartment community located on the Norwalk-Westport border.

NORWALK, CT—Commercial brokerage firm CBRE reports it has brokered the sale of two multifamily properties in Norwalk and Stamford that traded for a combined $173 million.

The largest deal involved the sale of 597 Westport, a 235-unit luxury apartment development on the Norwalk/Westport line for $105.9 million. An affiliate of Hunt Investment Management sold the property at 597 Westport Ave. to a partnership of GDC Properties of Hawthorne, NY through a 1031 exchange.

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