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Boston & New England  + Boston  + Retail  | 
Urban Edge Properties has purchased Shops at Riverwood in Boston, MA with $21.5-million in acquisition financing from JLL.

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.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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