November 16, 2020
Meridian Capital Group arranged $17.5 million for the refinance of SONO 50, a class-A office property in Norwalk, CT.
The seven-year loan, provided by a regional bank, features a rate of 3.60% and one year of interest-only payments. The deal was negotiated by Meridian managing director Tamir Kazaz and VP Eli Finkel.
Located at 50 Washington St. in the historic SoNo neighborhood of Norwalk, SONO 50 stands 14 stories tall and spans 193,000 square feet. The property was recently gut renovated and reportedly is now the only fully amenitized, boutique, class-A office tower in the area.
The building is complete with industrial-style offices and co-working spaces. SONO 50 is also convenient to a wide assortment of bars, restaurants and shops, and is a five-minute walk from Metro-North train service at the South Norwalk station.
For comments, questions or concerns, please contact Paul Bubny