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Butler and St. John of CBRE/New England broker $34.4 million sale to TrueNorth Capital Partners


Conn., R.I., Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of ...


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Westwood, MA CBRE/New England’s Capital Markets team completed the sale of Westwood Glen, a 156-unit age-restricted apartment communityThe asset sold for $34.4 million. CBRE/NE’s multi-housing experts Simon Butler, vice chairman/partner, and Biria StJohn, vice chairman/partner, exclusively represented the seller and procured the buyer, TrueNorth Capital Partners. #gallery-2 { margin: auto; } #gallery-2 .gallery-item { float: left; margin-top: 10px; text-align: center; width: 50%; } #gallery-2 img { border: 2px solid #cfcfcf; } #gallery-2 .gallery-caption { margin-left: 0; } /* see gallery_shortcode() in wp-includes/media.php */ Simon Butler, CBRE Biria StJohn, CBRE “We are pleased to have facilitated the sale of Westwood Glen on behalf of our client who had owned the communities since 2000 as part of a larger portfolio acquisition,” said Butler“The sale marked the conclusion to a successful investment that yielded strong resultsThat being said, Westwood Glen offers TrueNorth another opportunity to execute their value-add approach through selective upgrades to both the units and common areas.” Westwood Glen was built in 1972 and is comprised of 7 two and three-story buildingsThe community consists of 156 apartments containing 104 one-bedroom and 52 two-bedrooms with an average size of 802 s/fThe community is located just off of High St., behind Westwood Town Hall, offering access to the retail amenities in downtown, as well as Rte128All of the apartments are reserved for households of 55 years of age and older. CB Richard Ellis – N.EPartners, LP, a joint venture with CBRE Group, Inchas offices in Mass., Conn., R.I., Maine and New HampshirePlease visit our website at www.cbre-ne.comCBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue)The company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers worldwideCBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Print PDF Tweet Share Reddit +1 Pocket LinkedIn 0 Tags: apartment community, Westwood Glen Leave a comment Click here to cancel reply. * Name, Email, Comment are Required Publisher Patty Colman Patty is the Publisher of the weekly Run of the Paper (ROP), monthly Northern New England section, and monthly SpotlightsPatty has been with the New England Real Estate Journal since 1986Patty, of Kingston, is a graduate of Boston College. Featured Services (adsbygoogle = window.adsbygoogle || []).push({}); New England Real Estate Journal 17 Accord Park Dr #207 Norwell, MA 02061 (781) 878-4540 info@nerej.com terms of use /* */ jQuery(document).ready(function() { jQuery('.video').fitVids({ customSelector: ""}); }); /*

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