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JLL Closes Sale of Luxury Apartments in Stamford
JLL Capital Markets handled the $73-million sale of Harbor Landing, a 218-unit, ultra-luxury apartment community in Stamford, CT. The seller was a joint venture between Building and Land Technology and Lubert Adler Real Estate Funds. Monday Properties and Neo Capital acquired the property.
The JLL Capital Markets team representing the seller was led by Jose Cruz, Steve Simonelli, Michael Oliver, Kevin O’Hearn and Ryan Robertson. JLL’s Michael Gigliotti and Peter Rotchford also secured the loan, which was assumed by the buyer.
“Stamford continues to attract capital from across the region,” said Cruz. “We are proud to bring first-time investors to Stamford who understand the future upside in the market.”
Completed in 2018, Harbor Landing consists of studio, one- and two-bedroom floorplan options with high-end finishes. The apartments also feature resort-style amenities, including a pool, club room, fitness center and expansive outdoor sundeck with firepits and grills.
- ◦Sale
