Mesirow Snaps Up Watertown Apartments for Reported $107M

A CBRE team led by Simon Butler, Biria St. John, John McLaughlin and Brian Bowler arranged the sale of Watertown Mews, a 206-unit apartment community located in Watertown, MA. CBRE represented the seller, a separate account advised by PGIM, and also procured the buyer, Mesirow, which reportedly paid $107 million.
 
Watertown Mews was completed in 2014 and comprises two residential buildings with four stories above
a single-level parking garage. With an average size of 1,014 square feet, Watertown Mews offers some of the largest apartment homes in the market.
 
“We have long‑held conviction in Greater Boston’s infill submarkets, where a diversified employment base, limited new supply and integrated transportation options support durable, long‑term rental demand,” said Alasdair Cripps, CEO and CIO, Mesirow Institutional Real Estate Direct. “Watertown Mews exemplifies those strengths—with large‑format residences, comprehensive amenities, and immediate access to Boston and Cambridge—providing a strong foundation for us to execute our value‑add plan and further elevate the resident experience.”

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