News: Owners Developers & Managers

Griffin, Butler and St. John of Cushman & Wakefield handle $160.95 million sale

According to GID Investment Advisors, LLC and Cushman & Wakefield the sale of Windsor Gardens at Norwood has been completed. The 914-unit apartment community, was sold for $160.95 million. Windsor Gardens at Norwood is one of the largest apartment communities in Mass. C&W's Capital Markets Group including Robert Griffin, Simon Butler and Biria St. John represented the seller—GID Investment Advisors, LLC  and procured the buyer - Berkshire Property Advisors, formerly Berkshire Realty Holdings. Windsor Gardens is close to Boston and Providence, the community has an on-site commuter rail station and is on 57 acres and has access to Rte. 126, I-95, I-93, I-495. Stephen Zaleski, director of acquisitions and partner at Berkshire said, "this apartment community is an excellent addition to our portfolio and is our first asset on the Boston metro area." Windsor Gardens consists of 31 garden style apartment buildings, 32 townhouse buildings and two single-story buildings. The community was built in 1968, but has been renovated. The unit mix includes 372 one-bedroom apartments, 310 two-bedroom apartments, 116 two-bedroom townhomes and 116 three bedroom townhomes with an average unit size of 832 s/f. 
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