BLDUP Newsletter

The Commons at Windsor Gardens Update 04/27/17

Corcoran acquires Windsor Gardens, 914 apartments in Norwood, from Berkshire for $199 million


John M. Corcoran & Co. has acquired the 914-unit Windsor Gardens transit-oriented apartment development in Norwood from Berkshire Group for $199 million, or $217,724.29 per unit. CBRE New England represented Berkshire in the sale; CBRE Capital Markets, Inc. provided $160 million of mortgage financing for Corcoran’s acquisition. Berkshire acquired Windsor Gardens in December 2007 for $161.75 million, or $176,969.37 per unit.

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