CBRE facilitated the sale and acquisition financing for MetroNorth Shopping Center, a retail center spanning approximately 38,000 square feet located at 99-103 Commerce Way in Woburn, MA. The seller was represented by CBRE’s National Retail Partners team of Nat Heald and Jordana Roet while the buyer was secured by Calare Properties. Financing for the transaction was arranged by CBRE’s Debt & Structured Finance team of Kyle Juszczyszyn and Matt Machiros. The purchase price remains undisclosed.
“We are delighted to have played a role in facilitating the sale of MetroNorth Shopping Center and extend our congratulations to both parties,” said Heald. “Retail strips in prime locations have become highly sought after due to their potential for attracting a diverse range of tenants as well as driving rental growth whenever there is tenant turnover. We anticipate strong demand for these types of properties to continue into 2025.”
Juszczyszyn added that CBRE has observed an abundance of liquidity in debt markets specifically targeting well-positioned retail properties with solid sponsorship behind them. This trend is expected to persist throughout 2025 as lenders aggressively seek out opportunities within this sector.
