Acadia Realty Trust has sold Eden Square, a 230,255-square-foot grocery-anchored shopping center located in Bear, Del., for $30 million.
JLL worked on behalf of the seller. The buyer was Lenox Group.
Eden Square is located at 100 Eden Circle, offering roadway visibility along the highly trafficked Route 40 and Route 1 interchange with more than 43,900 and 45,400 vehicles per day, respectively. The property sits approximately 10 miles from Wilmington, Del., and 30 miles from Philadelphia.
The 98 percent occupied center is anchored by Giant Food. The center features a complementary tenant lineup that includes LA Fitness, Gabe's, Citi Trends, Dollar Tree, Fulton Bank, Starbucks and more. Credit and national tenants account for 89 percent of the property's gross income.
