CBRE NEGOTIATES 261-UNIT APARTMENT SALE

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STAMFORD, CONN. — CB Richard Ellis (CBRE) has negotiated the sale of Newbury Common, a two-tower, 261-unit apartment community located in Stamford. Community amenities include a fitness center with an indoor pool, a business center, a movie theater, two tennis and basketball courts, and 24-hour concierge service. The buyer, TIAA-CREF Global Real Estate, plans to complete a capital improvements program in the near term. The CBRE team of Jeffrey Dunne and Christopher Leonard represented the seller, Seaboard Properties.

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