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Jeffrey S. Olson Of Urban Edge Properties Secures $123.6M Loan For Shoppers World In Framingham

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FINANCED
$123,600,000

Massachusetts

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Retail752,000 SF
Financed 08/06/2025
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Property Image
FINANCED

Jeffrey S. Olson Of Urban Edge Properties Secures $123.6M Loan For Shoppers World In Framingham

1 Worcester Road

See Similar Deals
Retail752,000 SF
Financed 08/06/2025
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$164
Total Square Footage:752,000 SF
Transaction Type:Loan

The property asset involved is a retail center located at 1 Worcester Road in Framingham, MA. The asset has a square footage of 752,000 and is part of a LEED-certified development. Its significant market value is highlighted by its presence in a high-income, high-density trade area. Urban Edge Properties secured a loan amount of $123,600,000, which is structured as a four-year interest-only, non-recourse loan.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $123,600,000
  • Loan Terms: Four-year loan
  • Landlord: Jeffrey S. Olson - Urban Edge Properties
  • Address: 1 Worcester Road
  • Market: Framingham, MA
  • Asset Size: 752,000 square feet

This transaction involved a portion of Shoppers World, with Urban Edge Properties utilizing part of the loan proceeds to pay off an existing $90 million credit facility. The firm manages a total portfolio of 17.1 million square feet along the D.C.–Boston corridor.

Details

FINANCED
IMAGE: Jeffrey S. Olson DATE: 08/06/2025 ADDRESS: 1 Worcester Road MARKET: Framingham, MA ASSET TYPE: Retail ~ SF: 752,000 LANDLORD: Jeffrey S. Olson - Urban Edge Properties LOAN AMOUNT: $123,600,000 LOAN TERMS: four-year loan NOTE: Urban Edge Properties secured a $123.6M interest-only, non-recourse loan for a portion of Shoppers World, using part of the proceeds to pay off a $90M credit facility. The 752,000-square-foot LEED-certified retail center in Framingham, Mass., anchors a high-income, high-density trade area and is part of Urban Edge’s 17.1M-square-foot portfolio along the D.C.–Boston corridor.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$123,600,000.00

Monthly NOI$824,000.00
Monthly Debt Service$781,236.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00