Vela on the Park at 1011 Washington Blvd. in Stamford, Connecticut — Courtesy: JLL
By Joshua Burd
An investment group has sold a 209-unit apartment tower in downtown Stamford, Connecticut, in a deal arranged by JLL’s New Jersey-based capital markets team.
Brokers with the firm represented the seller, a partnership between an affiliate of Trinity Financial Inc. and Berkshire Residential Investments, in its disposition of Vela on the Park at 1011 Washington Blvd. Carmel Partners acquired the building for an undisclosed price, JLL said, noting that the high-rise is minutes from mass transit and Interstate 95, with quick access to restaurants, shops and the adjacent 26-acre Mill River Park.
“Stamford continues to be one of the strongest and most active markets in the Northeast,” said Steve Simonelli, a managing director with JLL. “The exceptional quality and location of Vela on the Park drew interest from a variety of institutional investors.”
The Morristown-based brokerage team also included Senior Managing Director Jose Cruz, Managing Director Michael Oliver and Senior Managing Director Kevin O’Hearn. In announcing the deal, they noted that the collection of one-bedroom, two-bedroom and penthouse units comes with amenities such as a rooftop deck with grills, a high-end fitness center, a yoga and wellness studio, a pet spa and a media center, among others.
