Wells Fargo unit scoops up vacant Toys “R” Us store in Norwalk

A Norwalk building that once housed a Toys “R” Us and Babies “R” Us has sold for $3.9 million, The Hour reported. A unit of Wells Fargo bought the property from the company, which filed for bankruptcy almost a year ago with more than $5 billion in long-term debt. The city of Norwalk valued the property at “more than $7.7 million as of 2016,” the outlet reported. It wasn’t immediately clear what the unit of Wells Fargo that purchased it plans to do with it. [The Hour]