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Boston & New England  + Metro Boston  + Industrial  |  November 12, 2026
Paul Bubny
By: Paul Bubny

JV of Sagard Real Estate and La Caisse Acquires Woburn IOS

An industrial outdoor storage (IOS) joint venture between Sagard Real Estate (SRE) and La Caisse has acquired 3 Wheeling Ave., a low-coverage industrial property in Woburn, MA. Seller and sale price were not disclosed.

Located in one of Greater Boston’s most established industrial areas, the property benefits from limited land availability, zoning constraints and strong regional connectivity near the intersection of Interstates 95 and 93. Built in 1984, the 57,600-square-foot property includes additional yard space and is fully leased to a national building materials distributor for warehousing, distribution and operations.

“We believe Woburn’s limited land availability and restrictive zoning make low coverage warehouses with zoning for outdoor storage especially valuable and difficult to replicate,” said Belah Terentjev, director, acquisitions at SRE. “3 Wheeling Ave. combines warehouse functionality with significant outdoor storage capacity and access to major transportation corridors. These characteristics align well with our joint venture strategy focused on established infill industrial markets.”

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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 19-plus years’ experience covering the commercial real estate industry and 35-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 11-15 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).
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