Urban Edge Properties (NYSE:UE) acquired Gateway Center from SITE Centers Corp. (NYSE:SITC) for $68.6 million on October 23, 2023. In a related transaction, Urban Edge also acquired Shoppers World. The proceeds from the dispositions of the East Hanover Warehouses portfolio and Freeport Commons were used to partially fund the acquisition of Gateway Center. Urban Edge used its line of credit to partially finance the acquisition.

Urban Edge Properties (NYSE:UE) completed the acquisition of Gateway Center from SITE Centers Corp. (NYSE:SITC) on October 23, 2023.