Acquisitions

Urban Edge acquires retail properties with the potential for lease up, expansion and redevelopment in high barrier-to-entry markets.

From large grocery-anchored centers and neighborhood centers to community centers and power centers, the company pursues assets within select target markets and prefers assets located in established retail corridors.

Urban Edge is focused on working with sellers to understand their priorities and partnering to meet their financial objectives. The team can creatively structure transactions in a tax deferred manner as well as assume existing loans, if needed, to provide sellers with the best execution.

Acquisitions Focus

Urban Edge is interested in necessity and value-driven retail properties including grocery-anchored centers, neighborhood centers, community centers, and power centers. The company prefers assets with attractive yield and/or potential for value creation through leasing, redevelopment and repurposing.

With a focus on larger-scale properties, distressed/motivated sellers and assets that are complementary to our existing portfolio, Urban Edge seeks properties with NOI growth potential with below market rents, above average sales and sustainable health ratios.

Geographic Focus

Washington, D.C. to Boston corridor and other infill submarkets with high-quality demographics.

Demographics

Targeting infill locations with attractive population density and/or income levels.

Minimum Deal Size

$25 million

Return Profile

Will acquire core, core-plus, and value-add opportunities with attractive, risk-adjusted returns.

Recent Acquisition

Village at Waugh Chapel

Market

Washington DC

GLA

382,163 SF

Acres

55.80

Population (3-miles)

60,302*

AHHI (3-miles)

$164,824*

Acquired October 2024

The Village at Waugh Chapel is a grocery anchored shopping center located in Gambrills, MD, on the highly trafficked Crain’s Highway (Route 3). The property is centrally located and less than 10 miles from Maryland's largest employer, Fort George G. Meade, and within 20 miles of Washington, D.C., Baltimore and Annapolis. Anchored by Safeway, Marshalls, TJ Maxx, HomeGoods and LA Fitness the center also features national tenants including Chick-fil-A, Sephora, and Chipotle.