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Attributes

Year Built 1992

Property Description

Highlighted by Giant Foods (9+ years term remaining) and LA Fitness (14 years term remaining), which account for 55% of the total in-place income – Eden Square’s tenant roster includes a host of other notable retailers such as Gabe’s, Dollar Tree, PNC Bank, GNC and Philadelphia Pretzel Factory, to name a few. Today, the ownership is negotiating leases with Starbucks and Cititrends with the intention of delivering these deals, which will bring the Property to 90% leased at the time of closing. This recent leasing momentum provides an investor with the opportunity to capitalize on a further improved tenant roster while it seeks to add immediate value through the lease-up of the remaining vacant space.

Investment Highlights

JLL is pleased to exclusively present for sale Eden Square (the “Property”), a 237,394 square foot Giant anchored center in Bear, New Castle County, Delaware. Located in an established retail submarket, approximately ten miles from Wilmington, DE and thirty miles from Philadelphia, PA. The Property is near population generators such as the University of Delaware, Christiana Hospital and office of Delaware Health-Social service. Eden Square gives investors the opportunity to acquire an established grocery anchored shopping center with best in class, national credit tenants.
Chris Munley
Managing Director
Mark Thomson
Mark Thomson
Senior Managing Director, Philadelphia Office Co-Head
License details
DE-RS0019034 MD-5000570 PA-RS292417

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