Edens & Avant Purchases Union Planters Plaza

Center located in one of Broward County's most vibrant retail corridors

Sep 29, 2011, 10:00 ET from Edens & Avant

FORT LAUDERDALE, Fla., Sept. 29, 2011 /PRNewswire/ -- Edens & Avant, one of the nation's leading retail real estate owners and developers, announced today that it has purchased Union Planters Plaza, a 155,000 SF Whole Foods anchored retail center in Fort Lauderdale, Florida. Located in one of Broward County's most active regional corridors, Union Planters Plaza was originally built in 1989 and expanded in 2000 and sits on a total of 14.6 acres. Union Planters Plaza is the 25th retail center owned by Edens & Avant in the Florida market, including 12 centers in South Florida.

"With its close proximity to both downtown Fort Lauderdale as well as being adjacent to some of the area's most established neighborhoods, Union Planters Plaza fits perfectly into our portfolio of community focused retail centers located in major urban markets," said Jami Passer, Managing Director, Edens & Avant. "This is a great retail destination and it has played an important part in the lives of Fort Lauderdale residents as well as being a local landmark for those visiting the region. We are extremely pleased to add this property to our growing South Florida portfolio and continue to enhance it through a community oriented merchandising mix and adding several intimate spaces for neighbors to reconnect."  

Union Planters Plaza will soon welcome Dick's Sporting Goods as a co-anchor, with a scheduled opening in late November. Follow Union Planters Plaza on Facebook at www.facebook.com/unionplantersplaza or on Twitter @UPlantersPlaza.

About Edens & Avant: Edens & Avant 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 126 retail centers. Edens & Avant has Regional Headquarters in Boston, New York, Washington DC, Atlanta, Columbia, SC and Miami. For additional information about the Company and its retail real estate portfolio, please visit www.edensandavant.com.  Or follow on Twitter @EdensandAvant.

SOURCE Edens & Avant