COLUMBIA, S.C., Sept. 20 /PRNewswire/ -- Edens & Avant, one of the
nation's largest retail real estate companies, announced today that it would
sell a controlling interest in its South Carolina-based third-party commercial
real estate business to Dan Avant and Todd Avant. Dan Avant, one of the
founding partners of Edens & Avant, will become Chairman and Chief Executive
Officer of the business. Edens & Avant will retain a significant interest.
"Our third-party brokerage, leasing, development and property management
business is the recognized leader in the South Carolina marketplace," said
Terry Brown, Chief Executive Officer of Edens & Avant. "This transaction
creates clarity as to the strategic direction of the commercial business and
will allow that side to aggressively pursue new and exciting growth
opportunities. This transaction will not impact Edens & Avant's retail assets
or operations."
"I am excited about taking an ownership and leadership role in this
business," said Dan Avant. "We expect to enhance the productivity and client
service delivery model of our business. The South Carolina marketplace is a
dynamic and evolving market. We look forward to our continued role in
bringing innovation and leadership to the market."
Edens & Avant's third-party commercial real estate business is one of the
largest in South Carolina. With over 45 employees and agents, the firm
provides comprehensive third-party brokerage, leasing, development and
property management services. The company brokers transactions valued in
excess of $200 million annually. For the past twenty consecutive years, the
group has had more of its brokerage professionals recognized as top producers
than any other firm in South Carolina. Its Property Management Group
currently manages 37 properties encompassing over 1.5 million square feet
across South Carolina.
Today, Edens & Avant is one of the nation's largest and fastest growing
retail real estate companies. Founded in 1966 by its chairman Joe Edens, the
Company owns, operates, develops, redevelops and acquires retail centers in
primary, high-growth markets throughout the Eastern United States and has more
than 250 employees. The Company's $2.5 billion of retail real estate centers
comprises more than 220 retail centers and 23 million square feet in 20
states.
In Columbia, Edens & Avant is recognized for the development and ownership
of the area's leading retail centers, including Trenholm Plaza, Columbiana
Station, and its Shoppes at Woodhill, which is scheduled to open next month.
The Company is headquartered in Columbia and has Regional Headquarters in
Boston, MA, and Washington, DC, and Atlanta, GA.
SOURCE Edens & Avant
 back to top
Related links:
http://www.edensandavant.com
Company News On-Call:
http://www.prnewswire.com/comp/130143.html
CONTACT:
Susan Sale, VP Corporate Marketing of Edens &
Avant, +1-803-744-2492, or ssale@edensandavant.com
|
