NAI Signature Group Completes Sale of One Parklands Drive, Darien to LCB Senior Living for 100-Unit Assisted Living Facility
DARIEN, Conn., April 03, 2017- NAI Signature Group, a full-service, independent commercial real estate firm, announced that it has completed the sale of One Parklands Drive, formerly one of two office buildings located in Parklands Office Park, to Norwood, Mass.-based LCB Senior Living (LCB). The developer/operator plans to construct a 100,000-square-foot assisted living community with approximately 100 apartments on a four-acre parcel to be known as The Residence at Selleck’s Woods as it adjoins the Selleck’s Woods Nature Preserve, which provides public access to a series of walking trails. The firm will renovate the existing 25,000-square-foot, two-story building and add 75,000 square feet. It will provide parking underneath the new wing. The transaction closed following a 30-month process to effect a zone change, a text change, site plan approval and State Traffic Commission approval. LCB plans to commence construction in the coming weeks. The NAI Signature Group team of Nick De Luca and Bob Gillon represented both LCB and the ownership, Parklands Office Park, LLC.