Norwalk, CT – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of Avalon East Norwalk, a 240-unit multifamily community located at 8 Norden Place in Norwalk, Connecticut.
Cushman & Wakefield’s Brian Whitmer, Adam Spies, Al Mirin, Matt Torrance, Michael Collins, Ryan Dowd and Peter Welch represented the seller, AvalonBay, in the transaction and procured the buyer, The DSF Group.
“Having a history of being near fully occupied coupled with the ability to immediately initiate exterior and unit interior improvements made Avalon East Norwalk a very highly sought-after value-add investment,” said Whitmer. “The Fairfield County market has remained resilient as demand continues to increase from both residents as well as investors for high-quality multifamily properties located outside of major urban hubs.”
Avalon East Norwalk is a four-story, 240-unit Class A multifamily community. Units feature open layouts, air conditioning, fully equipped kitchens, in-unit laundry and walk-in closets. Community amenities include a fitness center, outdoor swimming pool and sundeck, residence lounge, barbecue area and covered parking.
Situated in Fairfield County on the border of Westport, the asset is surrounded by an array of retail, dining and entertainment options. The property is located within two miles of the East Norwalk and Westport train stations as well as minutes from accessing Interstate 95.
“We are excited to expand our Connecticut portfolio with the acquisition of Avalon East Norwalk. This acquisition aligns with our strategy of purchasing well located multifamily assets with the ability to implement our signature Halstead branding and amenity program,” stated Josh Solomon, President of The DSF Group.
A photo of the asset can be downloaded here.
About The DSF Group
With over $4.5 billion invested in real estate since 2000, offices in Boston and Washington D.C. and decades of deep-seated experience, The DSF Group strives to create unique, award-winning properties. We acquire well located multi-family properties near transportation hubs and then reposition the properties through the implementation of well thought out renovations, amenities and technology. From development and renovations through construction and asset management, financing and design, we are hands-on operators. The steady involvement of our principals drives the results of every project we invest in.
For more information please visit: www.thedsfgroup.com.