From the Wires
EDENS Becomes Dominant Owner Of Open Air Centers In Miami MSA
By: PR Newswire
Dec. 31, 2012 09:00 AM
MIAMI, Dec. 31, 2012 /PRNewswire/ -- EDENS, one of the nation's leading retail real estate owners and developers, announced today that it has acquired Fifth & Alton, a landmark retail property located at the gateway to South Beach in Miami, FL. Its incomparable location, award-winning design and strong retailer performance make it one of the pre-eminent retail properties in South Florida.
Fifth & Alton is a multi-level, vertical retail project that comprises approximately 180,000 square feet. It is anchored by national retail tenants: Publix, Best Buy, Staples, TJ Maxx and Ross Dress for Less. In addition to the anchor tenants, the property also offers a street level experience and is lined along Fifth Street with retailers including: Vitamin Shoppe, Petco, Brooklyn Water Bagel, Subway, Zilbert Realty, Pizza Fusion, Red Mango and Total Bank. Fifth & Alton was acquired from affiliates of Robert Potamkin, Alan Potamkin and Jeff Berkowitz and was developed by Berkowitz Development Group.
With Fifth & Alton, Edens owns 20 properties throughout Florida,13 of which are located in South Florida making EDENS a dominant owner of open-air centers in the Miami MSA. Over the last 24 months, EDENS has acquired 6 assets in Miami deploying close to $300M.
For more information on EDENS, please visit www.edens.com.
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