(Read more on the multifamilymarket.)
NORWALK, CT-In a deal that some say is a record for a rentalapartment property in Connecticut, Irving, TX-based JPI haspurchased the Maritime Yards apartment and office complex here for$50.5 million. Maritime Yards LLC, a venture of Spinnaker RealEstate Partners LLC, Greenfield Partners and Summit Development,sold the complex that includes the US headquarters for VirginAtlantic Airways.
The property consists of two five-story rental apartmentbuildings at 55-77 N. Water St. containing 136 rental apartmentunits. Approximately half of the apartments are leased. The 55-77N. Water St. complex also includes 23,000 sf of space that includesthe Virgin Atlantic space. At the time of the sale, approximatelytwo-thirds of the commercial space was occupied.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
