Urban Edge Properties Acquires Gateway Center And Shoppers World For $309M

Urban Edge Properties, a New York-based retail real estate investment trust, has acquired Gateway Center in Everett and Shoppers World in Framingham for a total of $309 million. The acquisition includes 1 Mystic View Road in Everett and 1 Worcester Road in Framingham.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $309,000,000
• Market: Everett & Framingham, MA

Jeff Olson, representing Urban Edge Properties, acted as the buyer in the transaction. David R. Lukes, representing Site Centers, was the seller.

Note: These acquisitions mark a significant investment for Urban Edge Properties in the retail market, solidifying their presence in Everett and Framingham, Massachusetts.