Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Urban Edge Buys Retail Center in Boston’s Hyde Park with $22M Loan
JLL has arranged $21.5 million in acquisition financing for Shops at Riverwood, a 78,000-square-foot, fully leased retail center anchored by Price Rite Marketplace in the Hyde Park neighborhood of Boston, MA.
Scott Aiese and Director Amy Lousararian of JLL worked on behalf of the borrower, Urban Edge Properties, to arrange the seven-year, fixed-rate, non-recourse loan.
The 8.05-acre Shops at Riverwood is fully leased to nine national and regional tenants, including grocery anchor Price Rite Marketplace, Santander, Burger King, Boston Medical Center, and Planet Fitness. Constructed in phases between 2010 and 2022, the center comprises six standalone retail buildings, one of which is under construction and will be the future home of Starbucks.
Shops at Riverwood is on River Street seven miles from downtown Boston and across the street from the Boston Prep Charter School.
- ◦Sale/Acquisition
