NORWALK – The investors in the 7-year-old SONO Collection mall in South Norwalk are seeking a new owner as they have retained Chicago-based JLL Capital Markets as an exclusive advisor for a sale of the loan documents granting a first mortgage on The SoNo Collection.
JLL was hired by investors of GGP, a subsidiary of Brookfield Properties that fully acquired GGP (formerly General Growth Properties) in 2018 for $9.25 billion.
Anchored by Nordstrom and Bloomingdale’s, the property comprises approximately 738,800 square feet of gross leasable area across 12 flat acres adjacent to I-95. While some of its other major tenants include Apple, Abercrombie & Fitch, ZARA, H&M, Arhaus, Warby Parker, Sephora and Mango, the mall has an 86% occupancy rate.
The mall property, located at 100 N. Water St., is worth $157.5 million, according to Norwalk’s 2025 Grand List. The property serves approximately 385,000 residents within a 10-mile radius earning average household incomes exceeding $235,000.
It was built in 2019 and is among the newest regional shopping centers in the Northeast, featuring top-quality construction, high-end finishes, and a modern, functional layout.
The SoNo Collection represents a rare opportunity to acquire an irreplaceable, institutional-quality retail asset at a meaningful discount to replacement cost, with a clear path to value creation through strategic re-merchandising and compelling risk-adjusted returns for a new owner, according to JLL.
