University Station

Westwood, MA


Purchased: April 2012

Size: 1,000,000 SF / 135 Acres

Purchase Price: $59M

Project Cost: $300M

Set on 135 acres, this former collection of industrial buildings at the junction of I-95 and Route 128 and within walking distance of the Westwood commuter rail station was ideally positioned to create a transit-oriented, mixed-use, and master-planned development.

Eastern purchased a defaulted mortgage, led the project acquisition, and formed a partnership with New England Development, and National Development. To date, the partnership has constructed over 600,000 square feet of retail and restaurants to complement the 350 high-end residential units, more than 350,000 square feet of office space, 100 units of assisted living housing, and a 130-room hotel.