A loan secured by The SoNo Collection mall in Norwalk is being marketed for sale, according to materials from broker JLL.
The offering involves loan documents granting a first mortgage on the approximately 738,800-square-foot regional mall at 100 N. Water St. The property, built in 2019, sits on about 12 acres next to Interstate 95.
Anchored by Nordstrom and Bloomingdale’s, the mall is about 86% leased and includes tenants such as Apple, Zara, H&M, Sephora and Warby Parker, according to JLL.
Developed as a modern, experience-focused retail center in an urban setting, the property was positioned at opening as a high-end alternative to traditional suburban malls.
Marketing materials describe the loan sale as a value-add opportunity, with potential to increase occupancy and adjust the tenant mix in an affluent Fairfield County trade area of roughly 385,000 residents.
