December 21, 2020
JLL Capital Markets closed the $53-million sale of The Sheffield SoNo, a luxury, transit-oriented apartment building with ground-floor office space along the waterfront in Norwalk, CT. The firm marketed the 136-unit property on behalf of Avenue Realty Capital and Spirit Investment Partners.
The JLL Capital Markets team representing the sellers was led by senior managing directors Jose Cruz and Kevin O’Hearn, senior directors Steve Simonelli and Michael Oliver, executive managing director Drew Saunders and associate Nicholas Stefans.
“We continue to see increasing demand from the investment community for well-located suburban Fairfield County properties,” Simonelli said. “The unique waterfront location and high quality of the asset were well received by both institutional and private investors.”
Completed in 2007, The Sheffield SoNo is located less than a mile from the South Norwalk train station, providing access to Midtown Manhattan in 70 minutes and downtown Stamford in 15 minutes.
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