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Bear, Del. — Atlanta-based The Lenox Group has purchased Eden Square, a 230,255-square-foot shopping center located in Bear, approximately 10 miles south of Wilmington. Giant Food anchors the center, which was 98 percent leased at the time of sale. Additional tenants include LA Fitness, Gabe’s, Citi Trends, Dollar Tree, Starbucks Coffee and Fulton Bank. Eden Square has secured 31,238 square feet of new leases, as well as 20,360 square feet of tenant renewals in the past three years.
Jim Galbally, Jordan Lex, Patrick Higgins and Daniel Naughton of JLL’s Investment Sales and Advisory team represented the seller, Acadia Realty Trust, in the transaction.