EDENS Purchases Jenkins Row in Capitol Hill, Washington D.C.

WASHINGTON, Dec. 15, 2011 /PRNewswire/ -- EDENS, one of the nation's leading retail real estate owners and developers, announced today that it has purchased Jenkins Row in the heart of one of Washington D.C.'s most storied communities.

Jenkins Row is located atop of the Potomac Avenue metro station in Capitol Hill at the intersection of Potomac and Pennsylvania Avenues.

"We are thrilled to be further expanding EDENS presence in Washington D.C. with our purchase of Jenkins Row and look forward to further integrate into the vibrant D.C. community," says Jodie W. McLean, EDENS President and Chief Investment Officer.

Jenkins Row, anchored by Harris Teeter, is the 50,560 square foot retail portion of a larger mixed-use development, which includes a modern 247 unit amenity-filled condominium.

Viewed as an exciting and thriving market, EDENS has several major projects under ownership or development including City Vista and Union Market. With this acquisition, EDENS has a portfolio of 34 centers in the Washington D.C. area including signature projects like Mosaic.

About EDENS:

EDENS develops, owns and operates neighborhood shopping centers in primary markets throughout the East Coast. Focusing on innovative development and redevelopment together with key acquisitions in urban areas, the Company has built an institutional-quality portfolio of 124 retail centers. EDENS has Regional Headquarters in Boston, New York, Washington, DC, Atlanta, Miami and Columbia, SC. For additional information about the Company and its retail real estate portfolio, please visit www.EDENS.com.

SOURCE EDENS