JLL Capital Markets arranges financing for Urban Edge Properties' Shoppers World in Framingham, MA
News release
18 August 2025
Premier retail center secures $123.6M financing in Boston MSA
NEW YORK, Aug. 18, 2025 – JLL Capital Markets announced today that it has secured a $123.6 million financing for a portion of Shoppers World, a dominant 752,000-square-foot retail center located in Framingham, Massachusetts.
JLL worked on behalf of the borrower, Urban Edge Properties, in arranging the four-year, fixed-rate loan.
Shoppers World is strategically positioned at 1 Worcester Rd. at the intersection of Rte-9 and Rte-30, providing exceptional visibility and access in one of Boston MSA's premier retail corridors. The property benefits from strong connectivity to major transportation routes including I-90, I-95 and I-495, offering convenient access to Boston and surrounding suburbs.
The retail center is 99% leased and features an impressive roster of national retailers including T.J. Maxx, Marshalls, HomeSense, Sierra Trading Post, Best Buy and Dick's Sporting Goods. Investment grade tenancy accounts for 54% of gross rent, with 97% of the gross leasable area occupied by national tenants.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Scott Aiese, Alex Staikos, Amy Lousararian and Parker Morrison.
"With eight million annual visitors and over $100 million in reported sales volume, Shoppers World has established itself as the number one shopping center destination within a 15-mile radius," said Aiese.
"Shoppers World represented an exceptional financing opportunity given its dominant market position, diverse tenant mix and strong performance metrics," added Staikos.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Urban Edge Properties
Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 72 properties totaling 17.1 million square feet of gross leasable area.