Acquisition Boosts Company Assets in Northeast to 52
BOSTON, July 23 /PRNewswire-FirstCall/ -- Edens & Avant, the nation's
largest private owner of grocery-anchored Necessity Retail(R) Centers, today
announced the acquisition of an 89,787 square foot Stop & Shop-anchored
shopping center in Ansonia, CT. The center, Ansonia Landing, features a
59,987 square foot freestanding Super Stop & Shop Supermarket, 29,800 square
feet of retail shop space, and a 9,920 square foot Stop & Shop Gas station.
According Jodie W. McLean, President and Chief Investment Officer, the
acquisition of Ansonia Landing complements Edens & Avant's existing holdings
in the market and boosts the Company's ownership position to 52 grocery-
anchored retail centers in the Northeast. 23 retail assets in Connecticut.
Ansonia Landing is well positioned in the market with strong position
along Division Street, a major thoroughfare in the New Haven County
municipality of Ansonia. The center, which underwent significant
redevelopment and remodeling in 1998 and 2001, first opened in 1989.
The Stop & Shop Supermarket Company, based in Quincy, Massachusetts, is
the dominant supermarket chain in Connecticut. The Company employs more than
57,000 associates and operates 339 stores throughout Massachusetts, New
Hampshire, Connecticut, Rhode Island, New York and New Jersey. The Stop & Shop
Supermarket Company is also the largest employer in the State of Connecticut.
Edens & Avant is the nation's largest private owner of grocery-anchored
shopping centers with 233 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; Columbia, SC (Corporate
Office); and 10 regional management offices throughout the Eastern United
States.
SOURCE Edens & Avant
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Related links:
http://www.edensandavant.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/.html
CONTACT:
Susan Sale-Korper, VP, Corporate Marketing of
Edens & Avant, +1-888-993-5566, or e-mail, sale@edensandavant.com
EDITOR'S ADVISORY: Photos and maps are available by contacting
Susan Sale-Korper at sale@edensandavant.com
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