JV of Sagard Real Estate and La Caisse Acquires Woburn IOS

An industrial outdoor storage (IOS) joint venture between Sagard Real Estate (SRE) and La Caisse has acquired 3 Wheeling Ave., a low-coverage industrial property in Woburn, MA. Seller and sale price were not disclosed.

Located in one of Greater Boston’s most established industrial areas, the property benefits from limited land availability, zoning constraints and strong regional connectivity near the intersection of Interstates 95 and 93. Built in 1984, the 57,600-square-foot property includes additional yard space and is fully leased to a national building materials distributor for warehousing, distribution and operations.

“We believe Woburn’s limited land availability and restrictive zoning make low coverage warehouses with zoning for outdoor storage especially valuable and difficult to replicate,” said Belah Terentjev, director, acquisitions at SRE. “3 Wheeling Ave. combines warehouse functionality with significant outdoor storage capacity and access to major transportation corridors. These characteristics align well with our joint venture strategy focused on established infill industrial markets.”

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