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.
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Esta semana no The Frame: Vereadores consideram a adoção de um código de sustentabilidade com participação voluntária para novas construções, uma visão geral da questão da Carta de Autonomia nas eleições locais em Framingham neste outono e um destaque para Leandrinho Goiaba — o fundador da Rádio Insuperável e um dos membros mais proeminentes da comunidade brasileira local.
This week on The Frame: City Council members consider adopting an opt-in sustainability code for new buildings, an overview of the Home Rule Charter question on local ballots in Framingham this fall, and a spotlight on Leandrinho Goiaba—the founder of Radio Insuperável and one of the most prominent members of the local Brazilian community.
Dozens of proposed changes to the city’s Home Rule Charter are being put up to a vote this fall. The chair of the group that recommended the changes said they’re meant to focus on transparency, outreach, and efficiency.
