MIAMI, May 18 /PRNewswire/ -- Edens & Avant, one of the nation's
leading private retail real estate companies, today announced acquisition
of two Publix-anchored shopping centers in the South Florida market,
increasing the Company's operations and portfolio size in this area. On
Tuesday Edens & Avant purchased North Delray Commons, a 34,000-square foot
center in Delray Beach, Florida, and The Shoppes at Western Woods, a
48,000-square foot center in North Lauderdale.
"These acquisitions are exciting because we brought into our portfolio
two great properties in strong locations with a well-performing,
Florida-dominant anchor," commented Jami Passer, Edens & Avant VP - South
Florida.
North Delray Commons is located on Federal Highway (U.S. 1) in Delray
Beach and has excellent access along this major thoroughfare. High incomes
and a growing residential market undergoing significant revitalization
surround the center.
The Shoppes at Western Woods is situated two miles west of the Florida
Turnpike on McNab Road in North Lauderdale. The center is embedded in a
densely populated residential area with strong demographics.
"Our expansion strategy in South Florida continues to progress as
planned," continued Passer, "and taking this next step through two Publix-
anchored acquisitions is a true win for us."
Edens & Avant develops, owns and operates neighborhood shopping places
in primary markets throughout the East Coast. Focusing on innovative
development and redevelopment together with key acquisitions in urban
areas, the Company has built a portfolio of more than 140 retail centers in
16 states, including 23 in Florida. Edens & Avant has Regional Headquarters
in Boston, Washington, D.C., Atlanta, Miami and Columbia, S.C. (Corporate
Office). For additional information about the Company and its retail real
estate portfolio, please visit http://www.edensandavant.com.
SOURCE Edens & Avant
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Related links:
http://www.edensandavant.com/
CONTACT:
Julie Culbreath of Edens & Avant,
+1-803-744-2446, jculbreath@edensandavant.com
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