Urban Edge Properties (NYSE:UE) announces that it has entered into a $43.7 million contract to acquire Hudson Mall, a 383,000 square foot retail center in Jersey City, NJ adjacent to the Company's existing Hudson Commons shopping center. The property has been privately owned since its original development in 1966. Marshalls, Toys "R" Us, Staples, Old Navy and other value and necessity-based retailers anchor the center. When combined with Hudson Commons, the Company will own more than 49 acres and 1,800 linear feet of frontage on Route 440, a major arterial carrying more than 57,000 vehicles per day. The property contains several below market leases and has expansion and densification potential. The acquisition is expected to close in the first quarter of 2017 and includes the assumption of a $23.8 million, 5.07% mortgage maturing in 2023. 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 83 properties totaling 14.8 million square feet of gross leasable area. FORWARD-LOOKING STATEMENTSCertain statements contained in this Press Release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of future performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as "approximates," "believes," "expects," "anticipates," "estimates," "intends," "plans," "would," "may" or other similar expressions in this Press Release. Many of the factors that will determine the outcome of these and our other forward-looking statements are beyond our ability to control or predict; these factors include, among others, the Company's ability to complete its active development, redevelopment and anchor repositioning projects, the Company's ability to engage in the projects in its planned expansion and redevelopment pipeline and the Company's ability to achieve the estimated unleveraged returns for such projects.