Key Takeaways
- • Sagard Real Estate, the U.S. real estate investment advisor subsidiary of multi-strategy alternative manager Sagard, announced the acquisition of 3 Wheeling Avenue in Woburn, Massachusetts, on behalf of its industrial outdoor storage joint venture with La Caisse (formerly CDPQ).
- • The 57,600-square-foot property, built in 1984, sits on 6.2 acres with additional yard space and is fully leased to a national building materials distributor.
- • The site benefits from limited land availability and restrictive zoning near the intersection of Interstates 95 and 93, which Sagard says makes it difficult to replicate.
- • The deal extends the joint venture's strategy of acquiring functional, low-coverage industrial assets with outdoor storage capacity in supply-constrained U.S. infill markets.
- • Sagard Real Estate manages $6.3B in assets under management, while parent Sagard reports approximately $48B in AUM as of September 30, 2026.
Summary
Sagard Real Estate (SRE) announced the acquisition of 3 Wheeling Avenue, a fully leased, low-coverage industrial property in Woburn, Massachusetts, according to a Business Wire release datelined Boston. The purchase further expands the industrial outdoor storage (IOS) joint venture between SRE and global investment group La Caisse, formerly CDPQ, which targets strategically located IOS assets across major U.S. infill markets.
The property sits in one of Greater Boston's most established industrial areas, where limited land availability and zoning constraints restrict new supply. It lies near the intersection of Interstates 95 and 93, giving it strong regional connectivity. The building, constructed in 1984, comprises 57,600 square feet on 6.2 acres and includes additional yard space. It is fully leased to a national building materials distributor for warehousing, distribution and operations.
Belah Terentjev, Director of Acquisitions at Sagard Real Estate, said the firm believes Woburn's restrictive zoning makes low-coverage warehouses with outdoor storage entitlements especially valuable and difficult to replicate. He noted that the asset combines warehouse functionality with significant outdoor storage capacity and access to major transportation corridors, characteristics that align with the joint venture's focus on established infill industrial markets.
The release describes the transaction as reflecting the partnership's focus on functional properties in supply-constrained markets with established transportation infrastructure. The release does not disclose the purchase price.
Sagard Real Estate is a real estate investment advisor and operator headquartered in Denver, founded in 1997, with $6.3B in AUM and regional offices in New York, Charlotte, Austin, Los Angeles and the San Francisco area. It is part of Sagard, a global multi-strategy alternative asset manager with approximately $48B in AUM as of September 30, 2026, active across venture capital, private equity, private credit and real estate.
The property sits in one of Greater Boston's most established industrial areas, where limited land availability and zoning constraints restrict new supply. It lies near the intersection of Interstates 95 and 93, giving it strong regional connectivity. The building, constructed in 1984, comprises 57,600 square feet on 6.2 acres and includes additional yard space. It is fully leased to a national building materials distributor for warehousing, distribution and operations.
Belah Terentjev, Director of Acquisitions at Sagard Real Estate, said the firm believes Woburn's restrictive zoning makes low-coverage warehouses with outdoor storage entitlements especially valuable and difficult to replicate. He noted that the asset combines warehouse functionality with significant outdoor storage capacity and access to major transportation corridors, characteristics that align with the joint venture's focus on established infill industrial markets.
The release describes the transaction as reflecting the partnership's focus on functional properties in supply-constrained markets with established transportation infrastructure. The release does not disclose the purchase price.
Sagard Real Estate is a real estate investment advisor and operator headquartered in Denver, founded in 1997, with $6.3B in AUM and regional offices in New York, Charlotte, Austin, Los Angeles and the San Francisco area. It is part of Sagard, a global multi-strategy alternative asset manager with approximately $48B in AUM as of September 30, 2026, active across venture capital, private equity, private credit and real estate.
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