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Boston & New England  + Metro Boston  + Retail  | 
Urban Edge Properties has purchased The Shops at Riverwood in Hyde Park, MA for $32.9 million.

Urban Edge Properties Drops $33M for Hyde Park Retail Center

Urban Edge Properties has acquired The Shops at Riverwood, a fully leased grocery-anchored, retail center located in the Boston submarket of Hyde Park, MA for $32.9 million.

The transaction was completed by the company using cash-on-hand and a new $21.5 million nonrecourse loan first mortgage secured by the property. The mortgage has a seven-year term at a fixed interest rate of 4.25%.

The Shops at Riverwood covers 78,000 square feet across six stand-alone buildings, including a future Starbucks, on an eight-acre site located seven miles south of downtown Boston.

Along with the anchor grocery store, Price Rite Marketplace, the property has an array of national and regional retail and service brands including Santander, Burger King, Boston Medical Center, and a recently opened Planet Fitness. Starbucks has executed a lease for a pad site with construction expected to begin this summer.

Urban Edge owns 76 properties totaling 17.2 million square feet of gross leasable area, primarily in the Washington, DC to Boston corridor.


Inside The Story

Urban Edge Properties

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.

  • ◦Sale/Acquisition