Jones Lang LaSalle Inc. $(JLL)$ Capital Markets has successfully arranged the sale of ReNew Danbury, a 192-unit multihousing community located in Danbury, Connecticut. The transaction involved FPA Multifamily, LLC as the seller and Jones Street Investment Partners as the buyer. ReNew Danbury, positioned near major roads I-84 and SR-7, offers a strategic location just 70 miles from New York City in a vibrant Connecticut submarket. Built in 1971, the garden-style community includes various unit types and amenities such as a clubhouse, fitness center, and pool. The JLL team, led by Senior Managing Directors Steve Simonelli, Jose Cruz, and Michael Oliver, highlighted the property's appeal due to Danbury's strong employment base and transportation infrastructure.
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