Woburn, MA — CBRE has arranged the sale as well as the acquisition financing for MetroNorth Shopping Center, an approximately 38,000 sq.ft. retail center located at 99-103 Commerce Way in Woburn, MA.
The CBRE National Retail Partners team of Nat Heald and Jordana Roet represented the seller and secured the buyer, Calare Properties.
CBRE’s Debt & Structured Finance team of Kyle Juszczyszyn and Matt Machiros arranged the acquisition financing.
“We are very pleased to have played a role in the sale of MetroNorth Shopping Center and congratulate both buyer and seller,” said Heald. “Well located retail strips have become one of the most compelling retail product types because of the deep pool of potential tenants and ability to drive rental growth anytime an existing tenant rolls. We anticipate 2025 will see continuing strong demand for well-located small strip properties.”
“CBRE is seeing an abundance of liquidity in the Debt markets for well-located retail with strong sponsorship,” said Juszczyszyn. “We anticipate that lenders will continue to aggressively seek Debt opportunities for well-located retail in 2025.”
MetroNorth Shopping Center is ideally situated directly off of I-93, just north of its heavily trafficked intersection with I-95 and only 10 miles north of downtown Boston. The property is shadow-anchored by Target and surrounded by a mix of new multifamily developments, major employers and an MBTA Commuter Rail station offering a direct connection to downtown Boston.
Tenants at MetroNorth Shopping Center include Petco, the Vitamin Shoppe, Gardner Mattress, Pediatrics Urgent Care, Pro Nails & Spa, The Stretch Zone, Club Pilates, Liv’s Juice + Acai Bar and Starbucks.
