Winthrop Realty Trust Sells 93-Unit Apartment Community in Connecticut for $87.5M
STAMFORD, CONN. — Winthrop Realty Trust has completed the sale of Highgrove, an ultra-luxury apartment community located in Stamford. A private investment group acquired the property for $87.5 million, or $940,860 per unit. Designed by Robert A.M. Stern, the 18-story high-rise features 93 condominium units, a grand resident lobby, clubroom, media screening room, wine cellar, caterer’s kitchen, private elevator entrances, expansive fitness center with sauna, steam room and pool facilities. Units feature gourmet kitchens with marble counters, high-end appliances, oversized cabinets, 10-foot ceilings, crown moldings, hardwood flooring, fireplaces, private balconies, six-piece master baths and walk-in closets. Jeffery Dunne, Gene Pride and Travis Langer of CBRE represented the seller in the transaction.