The mixed-use Norwalk property Belden Square sold for $9.7 million.
Located at 747 Belden Ave., the property has 24 multifamily units, a ground-level 11,675-square-foot medical suite that serves as Yale New Haven Children”™s Hospital Pediatric Specialty Center, and a 104”space parking garage. Initially built in 1989 as a 43,974-square-foot office building, the building underwent a $6.5 million renovation in 2017 that converted the property to its current mixed-use environment.
Shelton-based Northeast Private Client Group (NPCG) represented the seller, Legacy Investing LLC of Arlington, Virginia, a procured the buyer, New York City-based JB Capital Management. NPCG Senior Vice President of Investments Brad Balletto, along with Senior Associates Rich Edwards and Jeff Wright, coordinated the transaction.
