New Necessity Retail(R) Centers Announced for Hanover, MD and Leesburg, VA
BALTIMORE, Aug. 4 /PRNewswire/ -- Edens & Avant, the nation's largest
private owner and developer of grocery-anchored Necessity Retail(R) Centers,
today announced that the Company has broken ground on two major grocery-
anchored shopping centers in the Washington - Baltimore region.
Arundel Village in Hanover, MD (Anne Arundel County), is an 86,460 square
foot Necessity Retail Center to be anchored by a 57,860 square foot Safeway.
Located on Arundel Mills Boulevard, the center is situated on a 12.5-acre
tract adjacent to the market dominant retail and entertainment complex -
Arundel Mills. Arundel Village is scheduled to open Spring 2004.
The Marketplace at Potomac Station in Leesburg, VA, is a 96,343 square
foot Necessity Retail Center to be anchored by a 56,292 square foot Giant
Food. Located on 19.6 acres at the intersection of Route 7 and Battlefield
Parkway in the Town of Leesburg, the center also features 40,051 square feet
of retail shop space and four outparcels. Chevy Chase Bank has signed a lease
for one parcel. The other three are being marketed. The Marketplace at
Potomac Station is also scheduled to open Spring 2004.
Edens & Avant's announcement of new shopping center developments comes on
the heels of the Company's Grand Opening of its newest ground-up development
in the Washington, DC region, The Shoppes of Lorton Valley. Anchored by Giant
Food, the center is well positioned to serve the rapidly growing residential
community along Ox Road in Lorton, VA.
Edens & Avant is the nation's largest private owner and developer 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 sale@edensandavant.com
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