JLL Capital Markets facilitates the sale of Eden Square in Bear
News release
31 July 2025
Premier grocery-anchored shopping center in Delaware trades for $30M
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PHILADELPHIA, Jul. 31, 2025 – JLL Capital Markets announced today that it has arranged the $30 million sale of Eden Square, a 230,255-square-foot Giant-anchored shopping center located in Bear, Delaware.
JLL worked on behalf of the seller, Acadia Realty Trust. The buyer was Lenox Group.
Eden Square is strategically located at 100 Eden Cir., offering excellent roadway visibility along the highly trafficked Rte-40 and Rte-1 interchange with more than 43,900 and 45,400 vehicles per day, respectively. The property sits approximately 10 miles from Wilmington and 30 miles from Philadelphia, providing strong regional connectivity.
The 98% occupied center is anchored by Giant Food, which has over 30 years of tenure at the location. The center features a complementary tenant lineup that includes LA Fitness, Gabe's, Citi Trends, Dollar Tree, Fulton Bank, Starbucks and more. Credit and national tenants account for 89% of the property's gross income.
Eden Square benefits from significant leasing momentum, with over 31,238 square feet of new leases and 20,360 square feet of renewals executed in the past 36 months. The property serves a densely populated trade area with a population of more than 141,000 and an average household income of $97,866 within a five-mile radius.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Jim Galbally and Jordan Lex and Directors Patrick Higgins and Daniel Naughton.
"Eden Square represents a generational opportunity to acquire a grocery-anchored shopping center with strong credit tenancy in an established retail node," said Galbally. "The property's excellent visibility, robust traffic counts and impressive customer visit metrics demonstrate its dominant position within the Bear submarket."
“The sale underlines the continuing demand for well-located, grocery-anchored shopping centers in the mid-Atlantic,” added Higgins. “The strength of retail fundamentals in the Philadelphia MSA continue to attract a diverse array of investors seeking durable cash flow and strong, risk-adjusted returns.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Acadia Realty Trust
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth. Acadia owns and operates a high-quality core real estate portfolio (“Core” or “Core Portfolio”) of street and open-air retail properties in the nation's most dynamic retail corridors, along with an investment management platform that targets opportunistic and value-add investments through its institutional co-investment vehicles (“Investment Management”). For further information, please visit www.acadiarealty.com.
The Company uses, and intends to use, the Investors page of its website, which can be found at www.acadiarealty.com/investors, as a means of disclosing material nonpublic information and of complying with its disclosure obligations under Regulation FD, including, without limitation, through the posting of investor presentations and certain portfolio updates. Additionally, the Company also uses its LinkedIn profile to communicate with its investors and the public. Accordingly, investors are encouraged to monitor the Investors page of the Company's website and its LinkedIn profile, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.