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La Caisse and Sagard expand US IOS venture with Boston acquisition

Friday, November 13, 2026 · first reported by IPE Real Assets

La Caisse and Sagard Real Estate have bought 3 Wheeling Avenue in Woburn, Greater Boston, adding it to their US industrial outdoor storage (IOS) joint venture. The 57,600sqft low-coverage industrial property in Massachusetts changed hands for an undisclosed sum.

The venture began in March with an initial gross asset value of C$490m and an option to expand. It targets major US infill markets. Its first purchase, made at launch, was an operational site in the Meadowlands sub-market that is fully leased. Sagard's Belah Terentjev, director, acquisitions, pointed to Woburn's limited land supply and restrictive zoning.

Also named
La Caisse
People
Belah Terentjev
Asset class
Real estate, Infrastructure
Geography
North America

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