Urban Edge Properties Secures $123.6 Million Refinance Loan For Shoppers World In Framingham MA

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.