MIAMI—Edens is getting more and more intentional about engaging with communities. Sometimes that means disposing of certain retail assets to execute that strategy.

As Edens, which develops, owns and operates retail and retail-driven centers in primary markets throughout the East Coast, moves to reclaim and rebuild places that give communities gathering places where people can slow down in a convenient, safe, and vibrant atmosphere, the company has sold off Eureka Plaza. Eureka Plaza is a grocery-anchored shopping center spanning 66,142 square feet in Miami.

HFF represented Edens. Eureka Plaza Group purchased the unencumbered retail property for $10.1 million.

“The opportunity to acquire a well located shopping center fully leased on a long-term basis with a development parcel appealed to a many investors,” HFF managing director Luis Castillo, who represented the seller, tells Globet.com. “We continue to see increased investor appetite across the board and Eureka Plaza was no exception.”

Eureka Plaza is located at 18300 Southwest 137th Avenue at the intersection of Southwest 184th Street and Eureka Drive, southwest of Miami's central business district. The 8.91-acre property includes three freestanding retailers: a 52,450-square-foot Winn Dixie Supermarket; a 3,367-square-foot McDonald's; and a 3,500-square-foot Pollo Tropical. There's also a 0.6-acre development parcel on the site.

HFF senior managing director Danny Finkle worked with Castillo on the deal. In Florida, HFF closed more than $872 million in retail transactions across all capital markets platforms in 2013.