Multi-Million Dollar Redevelopment Soon To Be Complete
Urban Edge Properties (NYSE:UE) announced today that it has signed Burlington, a national discount retailer offering low prices every day on brand name merchandise for the entire family and home, to a long-term lease at Huntington Commons on Long Island. This addition fills a vacancy created when Marshalls relocated to an updated space within the center. Furthermore, Prime Urgent Care has been signed to a 3,112 SF lease and is expected to open end of year 2023. With brand-new Marshalls and ShopRite stores now open, the center is on schedule to complete a multi-million-dollar redevelopment including new facades, landscaping and wayfinding signage, and will be 92 percent leased.
Huntington Commons also recently announced newly signed concepts including CycleBar, GOLFTEC, iStretchPlus, New Chapter Apparel, and Phenix Salons which will expand the property’s essential services.
“Burlington is a terrific complement to our existing merchandise mix at Huntington Commons,” said Leigh Lyons, Senior Vice President at Urban Edge. “With essential grocery alongside compelling value retail as well as new fitness and wellness options, there is even more reason for shoppers in the surrounding community to visit the property more often.”
Urban Edge Properties was represented by Lee Allen of Arc Advisors Inc for the Prime Urgent Care deal. Clifford N. Simon & David Rosen of CNS Real Estate represented Burlington.
ABOUT BURLINGTON:
Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized off-price retailer with Fiscal 2022 net sales of $8.7 billion. The Company is a Fortune 500 company and its common stock is traded on the New York Stock Exchange under the ticker symbol “BURL.” The Company operated 927 stores as of the end of Fiscal 2022, in 46 states and Puerto Rico, principally under the name Burlington Stores. The Company’s stores offer an extensive selection of in-season, fashion-focused merchandise at up to 60% off other retailers’ prices, including women’s ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats. For more information about the Company, visit www.burlington.com.
ABOUT URBAN EDGE PROPERTIES:
Urban Edge Properties is a NYSE-listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 76 properties totaling 17.2 million square feet of gross leasable area. For further information, please visit https://www.uedge.com.
