Retail investor EDENS has acquired an eight-property retail portfolio on the West Coast. The acquisition marks the firm's expansion in the region, and its intention to build a pipeline of opportunities from San Diego to Seattle, according to Jami Passer, Chief Investment Officer of EDENS. With this deal, the company has a portfolio of more than 14 million square feet.
The eight properties are located in Los Angeles, San Diego, the Bay Area and Seattle. The acquisition includes Alamo Plaza Shopping Center in San Francisco; Bonita Center in San Diego; Callens Corner in Los Angeles; Gilman District in San Francisco; Lakeland Town Center in Seattle; Rocklin Commons in Sacramento; Village Oaks in San Francisco; and Westgate North in Seattle.
EDENS is focused on properties that generate meaningful weekly trips and dwell time, driven by to high human engagement. The properties within its portfolio are "thriving retail destinations, driving impressions and market sales while effectively serving as public realms for social interaction and community engagement," according to the firm.
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