Westwood, MA

CBRE Arranges Sale of 102-Unit Community in Westwood, MA for $35.25

June 23, 2022

Highland Glen

CBRE announced today that it has arranged the $35.25 million sale of Residences at Highland Glen, a 102-unit age restricted, garden-style apartment community located at 4100 Highland Glen Road in Westwood, MA.

CBRE Capital Markets’ multi-housing experts Simon Butler, Biria St. John and John McLaughlin, in partnership with Aron Will and John Sweeny of CBRE’s Senior Housing team, exclusively represented the seller, an affiliate of National Development from Newton, MA. The team also procured the buyer, The Claremont Companies of Bridgewater, MA.

Completed in 2006, Residences at Highland Glen is comprised of two, four-story residential buildings, which offers a large clubroom and fitness center. There are a mix of one- and two -bedroom apartment homes, with 60% recently renovated. The community is located in the highly desirable town of Westwood and provides easy access to I-93/95, as well as numerous retail amenities.

“We are pleased to have represented National Development in the sale of Residences at Highland Glen. This marked the successful conclusion of their investment plan having acquired the asset in 2016,” stated Butler.

National Development Managing Partner Andrew Gallinaro stated, “We are pleased to complete a successful purchase and disposition plan of Residences at Highland Glen and wish The Claremont Companies continued success with the property.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.