Norwalk’s WalMart Plaza sells for $30 million

By Kevin Zimmerman

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On behalf of Christopher Road Associates, retail brokerage firm JLL has completed the $30 million sale of the WalMart Plaza, a 140,000-square-foot shopping center at 680 Connecticut Ave. in Norwalk, to a related affiliate of Equity One.

WalMart Plaza borders The Home Depot and is across the street from Costco.

“There has always been significant investor interest in WalMart Plaza given the potential re-development opportunity, which is rarely available in the Norwalk sub-market,” said JLL vice chairman Patrick A. Smith. “This transaction represented a prime opportunity for both the buyer and seller.”

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