---
schema_version: "secwatch.filing_event.v1"
accession: "0001611547-21-000066"
form_type: "8-K"
ticker: "UE"
cik: "0001611547"
company_name: "Urban Edge Properties"
filed_at: "2021-10-04T23:59:59+00:00"
generated_at: "2026-06-28T23:26:15.609931+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Urban Edge Properties to pay $20M to terminate Sears/Kmart leases at 3 malls, regain control

## Summary
- Agreement with Transform HoldCo to terminate leases at Bruckner Commons, Sunrise Mall, and Outlets of Montehiedra, effective Oct 15, 2021.
- Company will pay $20 million to recapture control of these anchor spaces.
- Terminated leases contributed $6.6M annual NOI and $3.3M annual non-cash earnings from below-market lease amortization.
- Repositioning these anchor spaces is part of value creation plan; company says controlling them is critical.

## SEC filing metadata
- accession: 0001611547-21-000066
- form_type: 8-K
- ticker: UE
- cik: 0001611547
- company_name: Urban Edge Properties
- filed_at: 2021-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611547/000161154721000066/0001611547-21-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611547/000161154721000066/ue-20210929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001611547-21-000066
- JSON: https://secwatch.observer/filing/0001611547-21-000066.json
- Plain text: https://secwatch.observer/filing/0001611547-21-000066.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.