Urban Edge Properties (NYSE:UE) acquired Woodmore Towne Centre for approximately $190 million on December 23, 2021. The transaction was completed by Urban Edge Properties using cash-on-hand and a new $117.2 million non-recourse first mortgage secured by the property. The mortgage has a 10-year term at a fixed rate of 3.39% and is interest-only for the entire loan term.

Urban Edge Properties (NYSE:UE) completed the acquisition of Woodmore Towne Centre on December 23, 2021.