Urban Edge acquires new-look 448,000 sq. ft. retail center in Roxbury for $83 million

Urban Edge Properties has acquired a newly redeveloped, 448,000-square-foot shopping center in Morris County for $83 million, the real estate investment trust announced this week.

Located on Route 10 in Roxbury, the property known as The Shops at Ledgewood Commons is home to the likes of Walmart, Marshalls, Burlington, Ulta, Starbucks and Chipotle. They’re among the many tenants at the former Ledgewood Mall site, which Advance Realty Investors deconstructed and repurposed as an open-air shopping center starting roughly seven years ago.