WASHINGTON, July 14 /PRNewswire/ -- Edens & Avant, the nation's largest
private owner of grocery anchored Necessity Retail(R) Centers, today announced
the acquisition of seven Giant Food-anchored shopping centers in the
Washington, DC, market. Comprising 653,000 square feet, the centers were
purchased from GFS, the real estate arm of Giant Food of Landover, Maryland.
According to Jodie W. McLean, President and Chief Investment Officer of
Edens & Avant, the acquisition complements Edens & Avant's existing holdings
and boosts the Company's ownership position to 36 assets in the Mid-Atlantic
Region.
The portfolio of seven Giant Food-anchored shopping centers is
strategically located across the Washington, DC, metropolitan statistical area
(MSA), and include Cardinal Forest, Elden Street Marketplace and Lake Ridge
Commons in Fairfax County; Wellington Station in Prince William County;
Burtonsville Crossing and Neelsville Village Center in Montgomery County; and
Marlboro Crossroads in Prince George's County.
Edens & Avant is the nation's largest private owner of grocery-anchored
shopping centers with 232 owned assets in 20 states throughout the Eastern
United States. The Company focuses on the operation and development of
grocery-anchored Necessity Retail(R) Centers traditionally leased to national
and regional retailers that serve the basic and recurring consumer needs of
the trade area population.
Edens & Avant increases the value of its assets by internally managing and
redeveloping retail centers for sustained growth, including providing the
highest quality retailer and center management services. The Company has
Regional Headquarters in Boston, MA; Washington, DC; and Columbia, SC
(Corporate Office); and 10 additional management offices in Eastern United
States.
SOURCE Edens & Avant
 back to top
Related links:
http://www.edensandavant.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/130143.html
CONTACT:
Susan Sale-Korper, VP, Corporate Marketing of
Edens & Avant, +1-888-993-5566, or e-mail, sale@edensandavant.com
|
