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NYC Developer Buys Mixed-Use Norwalk Property for $9.3M

Photo courtesy of Northeast Private Client Group

A New York City real estate investor acquired a Norwalk property including apartments and medical suites leased to Yale New Haven Hospital for $9.3 million.

JB Capital Management bought the Belden Square complex at 757 Belden Ave., where Yale New Haven Children’s Hospital Pediatric Specialty Center. recently signed a 10-year lease renewal for nearly 12,000 square feet. The property also includes 24 apartments and a 104-space parking garage.

Originally constructed as an office building in 1989, the building was partially converted into housing in 2017 in a $6.5 million project.

The seller was Legacy Investing LLC of Arlington, Virginia.

Brad Balletto, Rich Edwards and Jeff Wright of Northeast Private Client Group represented the seller and procured the buyer.