EDENS Adds Core Property To South Florida Portfolio

MIAMI, June 21, 2016 /PRNewswire/ -- EDENS, one the nation's leading retail real estate owners and developers, announced today that it has acquired Lakeside Centre, a retail property located on Glades Road in the heart of Boca Raton. Its premier location and strong retailer performance make it one of the most exciting properties in Boca Raton.

"Lakeside Centre is perfectly situated in Boca Raton's retail corridor," says Jami Passer, Chief Investment Officer of EDENS. "We are looking forward to fulfilling EDENS commitment to enrich the communities we serve. We will accomplish this at Lakeside Centre through a renewed focus on design, on crafting a unique mix of retailers, and by engaging with our community and partners."

Built in 1991 and originally owned by Ocean Properties, Lakeside Centre is a 22.8-acre site, which includes a 161,000 square foot shopping center anchored by three major retailers: Marshalls, HomeGoods and Off Broadway Shoe Warehouse.

EDENS owns and operates fifteen shopping centers in the South Florida region, including Fifth & Alton in Miami Beach, Met Miami – Whole Foods in Downtown Miami, Biscayne Commons in North Miami and Union Planters Plaza in Fort Lauderdale.

For more information on EDENS, please visit www.edens.com

ABOUT EDENS 
EDENS develops, owns and operates community shopping centers in primary markets across the country. Focusing on innovative development and redevelopment together with key acquisitions in urban areas, the company has built an institutional-quality portfolio of more than 120 retail centers. EDENS has regional headquarters in Boston, Washington, DC, Atlanta, Miami, Houston and Columbia, SC. For additional information about the company and its retail real estate portfolio, please visit www.edens.com.

SOURCE EDENS