CBRE represents The Hanover Co. in sale of Hanover Crossing Residences

Hanover, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, have completed the sale of Hanover Crossing Residences, a 297-unit, apartment community.

CBRE exclusively represented the seller, The Hanover Company, a Houston, TX-based real estate developer active across the United States. CBRE also procured AEW Capital Management, who advised a separate account.

Hanover Crossing Residences was built in 2023 and comprises four, four-story, elevatored buildings with an amenity package. The community is 100% market rate and includes a mix of one-bedroom, two-bedroom, and three-bedroom apartments, with an average unit size of 934 s/f. Hanover Crossing includes an entertaining kitchen and social lounge within one building, an expansive fitness center, co-working space, resort-style pool, both attached and free standing garage parking, grilling areas, and more. The community has outstanding access to employment and retail amenities, including the adjacent Hanover Crossing 720,000 s/f open area retail center.

Butler said, “We are pleased to have represented the Hanover Company in the sale of Hanover Crossing Residences. They were able to successfully execute their business plan, having developed a truly best-in-class apartment asset which drew strong investor interest. The community’s location adjacent to the 720,000 s/f Hanover Crossing and with superior access to numerous employment centers, supports AEW’s investment decision.”