Shoppers World in Framingham acquired by New York real estate company


FRAMINGHAM — Consumers World, the enduring outside procuring plaza that straddles Routes 9 and 30, has a brand new proprietor.

Throughout its third-quarter earnings call on Tuesday, Urban Edge Properties, a New York-based retail property holder, introduced that it had bought Consumers World as a part of a $309 million deal wherein it additionally acquired Gateway Middle in Everett.

Each Consumers World and Gateway Middle had been beforehand owned by Site Centers, a publicly traded company based in Beachwood, Ohio, that had beforehand been generally known as Builders Diversified Realty Corp. earlier than altering its title in 2018.

Consumers World was most just lately assessed at $139 million.

Shoppers World in Framingham has been sold.

‘A household stopping place’:Shoppers World has anchored MetroWest retail since 1951

Consumers World is at the moment anchored by Greatest Purchase, Nordstrom Rack and a number of other manufacturers from Framingham-based TJX Firms Inc., together with TJ Maxx, Marshalls and Sierra. The plaza just lately opened one other anchor retailer, Public Lands, a Dick’s Sporting Items-owned outside retailer that options an indoor climbing wall.



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