SALE OF 464 APARTMENTS IN DOWNTOWN NORWALK, CT
CLOSED: AUGUST 2020
THE WAYPOINTE
 
Class-A Apartment Community with Retail District

CBRE is pleased to announce the sale of The Waypointe, a 464-unit multifamily property with 56,383 SF, in Norwalk, Connecticut. Commercial tenants at the property include Chase Bank, Sedona Taphouse, Barcelona, Colony Pizza, Haruki Ramen, F45 Fitness, Bobby Q’s.  The CBRE team of Jeffrey Dunne, Gene Pride, Travis Langer and Eric Apfel advised Carmel Partners in the transaction.
 
This closing illustrates the on-going demand by investors for suburban apartments with strong property operations. Waypointe offers designer finishes and robust amenities while the location is just north of I-95 and Route 7, five minutes from the South Norwalk train station and the vibrant SONO district which provides residents access to recreation, entertainment, retailers and employers.
 
The apartments were 93% occupied at closing.
For more information about this transaction, please contact:

JEFFREY DUNNE
Vice Chairman
+1 203 352 8928
jeff.dunne@cbre.com
 
JEREMY NEUER
Executive Vice President
+1 732 509 2888
jeremy.neuer@cbre.com
 
GENE PRIDE
Senior Vice President
+1 203 352 8906
gene.pride@cbre.com
 
STEVEN BARDSLEY
Senior Vice President
+1 203 352 8933
steven.bardsley@cbre.com
 
DAVID GAVIN
Senior Vice President
+1 203 352 8944
david.gavin@cbre.com
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