|
|||||
|
Thursday, February 09, 2012 Mixed Use
Holliday Fenoglio Fowler has been hired by JPI, Inc., an Irving, Texas-based multi-family real estate firm, to sell its mixed-use property in Norwalk, Conn., without a formal asking price. Matthew Lawton, Sean Fogarty of HFF's Chicago, Ill., office, along with Coleman Benedict and Janet Krolman of the firm's Boston office, are handling the offering. The property is known as Jefferson at 55/77 Water St. It was built in Fall 2007 and contains 136 multi-family units with 28,000 square feet of retail space. The multi-family portion is comprised of one and two-bedroom apartments that are currently 97-percent occupied. The retail space is approximately 57-percent occupied with the recent lease of 16,000 square feet to Virgin Atlantic. The company plans to relocate its North American headquarters to Jefferson. "Given the quality of the units and the proximity to the commuter rail, ownership will be able to effectively compete within the market for the discriminating renter who will be willing to pay a premium for quality housing in a thriving, urban location," Benedict said. Lawton and Fogarty are also currently selling the Preserve at Cress Creek, a 474-unit apartment complex in Naperville, Ill. Address: 55/77 Water St., Norwalk, Conn. Size: 136 units/28,000 square feet Built: 2007 Filed Under: Mixed Use E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
No comments have been posted in the last 15 days! Send us your comments on this article
Related Headlines
|
|
|||||||||||||||||||
|
|||||||||||||||||||
© 2007 crefeed.com. All Rights Reserved.