NORTH HAVEN, CT - H. Pearce Commercial Real Estate has announced that Peabody Place, LLC has purchased a seven-unit apartment building known as the Redclyffe Building located at 245 Whitney Avenue in New Haven. Peabody Place will renovate the existing structure into luxury apartments with off-street parking.

Edward O’Neill and Kevin Smith, of H. Pearce Commercial Real Estate, exclusively represented both seller, Quinnipiac University, and the buyer, Peabody Place, LLC.

H. Pearce Commercial Real Estate specializes in Connecticut’s central, south-central, and Shoreline markets, with offices in North Haven and Rocky Hill. Commercial property offerings can be found in color on the web at www.HPearceCommercial.com.