MIAMI, Aug. 10 /PRNewswire/ -- Edens & Avant, one of the nation's
leading private retail real estate companies, today announced the
acquisition of two centers in South Florida totaling around 148,000 square
feet. The Company purchased Coral Shores in Cape Coral and Lakeside Town
Shops in Davie, increasing its portfolio to 11 centers in this market.
Coral Shores, a 69,000 square-foot, Publix-anchored center, is situated
at the intersection of Pine Island Road and Burnt Store Road and is
exceptionally well located in one of the fastest growing areas in the
state. High traffic counts and an expanding workforce here can be
attributed to strong population growth, which is projected to increase
eight percent per year for the next five years.
The 79,000 square-foot Lakeside Town Shops is a new development in
Davie, a growing suburb of central Broward County. SuperTarget
shadow-anchors the center, and 16 other retailers, including OfficeMax, are
featured here. Situated at the corner of University Drive and Stirling
Road, Lakeside Town Shops is at the heart of a growing residential market.
Monterra, a residential development on a tract across from the center, will
bring approximately 2,000 new homes to the area over the next several
years.
"We began expanding into South Florida in 2006 and since then have been
very selective and methodical in building our presence here," said Jami
Passer, Edens & Avant VP -- South Florida. "The compelling growth
demographics and strong economics of these centers match our model and have
us very excited about this announcement."
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 25 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
 back to top
Related links:
http://www.edensandavant.com
CONTACT:
Julie Culbreath of Edens & Avant,
+1-803-744-2446, jculbreath@edensandavant.com
|
