The SoNo Collection

JLL Capital Markets has been retained as exclusive advisor for a sale of the loan documents granting a first mortgage on The SoNo Collection (the "Property" or "SoNo"), a best-in-class regional mall located in South Norwalk, Connecticut. Anchored by Nordstrom and Bloomingdale's, the Property comprises approximately 738,800 SF of gross leasable area across 12 flat acres adjacent to Interstate 95 (100,000+ VPD). The Property's compelling tenant mix includes Apple, ZARA, H&M, Arhaus, Warby Parker, Sephora, Mango, and numerous other sought-after local and national retailers. At 86% occupancy, the Property presents an exceptional opportunity for a new owner to acquire a dominant retail destination at a compelling basis, while executing a thoughtful re-merchandising strategy to unlock embedded value across the remaining vacancy and Property.

Strategically positioned within hyper-affluent Fairfield County, the Property serves approximately 385,000 residents within a 10-mile radius earning average household incomes exceeding $235,000. Delivered in 2019, The SoNo Collection is among the newest regional shopping centers in the Northeast, featuring trophy-quality construction, high-end finishes, and a modern, functional layout. The Property's recent vintage translates to minimal near-term capital expenditure requirements, affording a new owner the ability to direct resources toward value-add leasing and merchandising initiatives.

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.