Spirit Bascom Ventures acquires $43.25M South Norwalk Property

Spirit Bascom Ventures, a joint venture between New York based Spirit Investment Partners and Irvine, Calif. based The Bascom Group has teamed up with private investors and acquired a South Norwalk development property known as Jefferson at 55/77 Water for $43.25 Million. Last acquired in 2007, the propery was forclosed upon by it’s mezzanine lender while the current financing was arranged by Richard Horowitz of Cooper-Horowitz.

The property was built in 2007 as a class A mixed use community consisting of 136 luxury apartments and 28,175 SF of ground floor commercial space.  The property features high-end finishes including oversized floor to ceiling windows, stainless steel appliances, en suite washer/dryer units and balconies overlooking the Norwalk River.  The commercial space is currently home to the US headquarters of Virgin Atlantic Airlines and Kayak.com.