One of the staples of the Framingham retail landscape has a new owner, as Urban Edge Properties announced it has acquired the shopping plaza.
FRAMINGHAM - One of the staples of the Framingham retail landscape has a new owner, as Urban Edge Properties announced it has acquired the Shoppers World shopping plaza.
The New York-based real estate company published the results of their third quarter earnings on Tuesday, which included the details on their purchase of Shoppers World. The $309 million sale between Urban Edge and Ohio-based company SITE Centers was finalized on October 23, as it also included Everett’s Gateway Center.
“These properties support the company's strategy of acquiring high-quality retail real estate with future growth potential while providing us with critical mass in the Boston market,” Urban Edge stated in their report.
Established in 1951 as one of the nation’s first suburban shopping malls, the current Shoppers World campus located between Route 9 and Route 30 boasts 758,000 square feet, according to Urban Edge’s report. Retail titans including Best Buy, Marshalls, and T.J. Maxx are present-day anchors for the plaza.
.png){kind=small}
.png){kind=small}
Esta semana no The Frame: o estado concede a Framingham conformidade condicional com o Ato das Comunidades MBTA, uma proposta para um novo campo de golfe na área 9-90 é apresentada ao Conselho de Planejamento, e uma recapitulação da 38ª celebração anual do Dia de MLK pela Igreja Comunitária Greater Framingham. Além disso: a Ellie Mental Health corta a fita para sua nova clínica na Speen Street.
This week on The Frame: the state grants Framingham conditional compliance with the MBTA Communities Act, a proposal for a new golf course in the 9-90 area is outlined to the Planning Board, and a recap of the Greater Framingham Community Church’s 38th annual MLK Day celebration. Plus: Ellie Mental Health cuts the ribbon for their new Speen Street clinic.
In December, Mayor Sisitsky submitted the downtown Central Business district to Massachusetts officials for consideration to satisfy the zoning law's requirements.
