Northeast Regional Office
Urban Edge Retail Portfolio
New York and New Jersey
“New York Life is pleased to provide competitive fixed-rate financing on five high quality assets, all of which are located along major retail corridors in densely populated, infill markets. These transactions represent the establishment of a new term relationship with Urban Edge Properties, one of the nation’s premier retail investors and operators.”
—Eric Becher, Senior Director
- Five exceptionally well-located, NYC metro retail properties totaling 1.3 million square feet, four of which are in New Jersey, and one in New York.
- Each stabilized property possesses investment grade anchors and granular tenancy, and is further supported by excellent demographics, as well as unparalleled accessibility and visibility.
- The stand-alone mortgage loans were used to facilitate Urban Edge’s refinancing efforts and stagger their loan maturities.
Source: REI Northeast Regional Office, December 2017.