Popular Bakery Café Newly Expanding to the East Coast
Urban Edge Properties (NYSE:UE) today announced that 85 Degree Bakery Cafe, a Taiwan-based bakery café, has signed a lease at Hanover Commons in East Hanover, New Jersey, planning to open in 2024. The 3,507 SF space will be just the second East Coast location for this fast-growing favorite that has a cult following on the West Coast and offers hand-crafted beverages, pastries and other baked goods.
This super popular bakery chain was founded in 2004 and the company got its name from the optimal coffee brewing temperature. Recognized for premium pastries, bread, cakes, and beverages, it saw rapid expansion both in Taiwan and internationally. Today, 85°C Bakery Café has more than 1,000 locations worldwide and has a devoted following.
“There is much anticipation for this concept and their expansion to the East Coast,” said Justin Lustig, Vice President, Leasing for Urban Edge Properties. “Hanover Commons provides a terrific environment to introduce their much-loved pastries and beverages to this property with high-traffic anchors and adjacent complementary uses.”
Located along Route 10, Hanover Commons is well-situated in a stretch of major highway retail, providing good shopping synergy. The property is home to the first Home Depot in the state of NJ and additional anchors including Dick’s, Marshalls and Saks OFF 5th.
The tenant was represented by Amy B. Staats of Katz & Associates.
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 76 properties totaling 17.2 million square feet of gross leasable area. For further information, please visit https://www.uedge.com.
