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Boston & New England  + Metro Boston  + Apartments  | 

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition