Urban Edge Properties Secures $123.6 Million Refinance Loan For Shoppers World In Framingham MA
FINANCED
$123,600,000
Massachusetts
See Similar DealsRetail752,000 SF
Financed 08/05/2025
FINANCED
Urban Edge Properties Secures $123.6 Million Refinance Loan For Shoppers World In Framingham MA
1 Worcester Road
See Similar DealsRetail752,000 SF
Financed 08/05/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$164
Total Square Footage:752,000 SF
Transaction Type:Loan
The property asset involved in the transaction is part of Shoppers World located at 1 Worcester Road in Framingham, MA. It is a retail asset within a larger center encompassing a total of 752,000 square feet. The transaction includes a refinance loan amounting to $123,600,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $123,600,000
- Loan Type: Refinance
- Asset Size: Portion of 752,000 SF center
- Address: 1 Worcester Road
- Market: Framingham, MA
- Landlord: Urban Edge Properties
- Brokers: Alex Staikos, Scott Aiese & Amy Lousararian - JLL
The deal features notable involvement from Urban Edge Properties as the landlord. The brokerage representation on the transaction includes Alex Staikos, Scott Aiese, and Amy Lousararian from JLL, highlighting a collaborative effort in securing the refinance loan.
Players
BROKERAGE
LANDLORD
Details
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Deal Type
30 years
10 years
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
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