Staff Report
Published Jan. 2, 2013

Columbia-based Edens, a national retail real estate owner and developer, has acquired Fifth & Alton, an 180,000-square-foot retail center in Miami.

Columbia-based Edens recently acquired this 180,000-square-foot retail center in Miami. (Photo/Provided)

The project is located at the gateway to the South Beach area, a prominent tourist destination, and home to luxury high-rise condos and bars and restaurants.

The price of the transaction was not released; however, Edens said it now owns 20 properties throughout Florida, 13 of them in the Miami metro area. Over the last 24 months, Edens said it has spent nearly $300 million in acquiring six assets in the Miami area.

Fifth & Alton is a six-story retail center anchored by national retail tenants including Publix, Best Buy, Staples, TJ Maxx and Ross Dress for Less.

The property was acquired from affiliates of Robert Potamkin, Alan Potamkin and Jeff Berkowitz and was developed by Berkowitz Development Group.

Edens said its portfolio includes 111 retail centers.