BEAR, DE—As we reported last month, a joint venture between affiliates of Baltimore-based MCB Real Estate, LLC and Acadia Realty Trust via its Acadia Strategic Opportunity Fund IV LLC, acquired the 235,508-square foot retail center, Eden Square, here. Updated real estate records show it traded for $25 million.

Also, the broker in this transaction, CBRE provides more details about the transaction. Eden Square has two anchors, a Giant Supermarket and Lowe’s Home Improvement store, which is set to relocate. The departing anchor meant a reduction of 40% of occupied space, according to Kevin McClernon, who along with George Schmitt represented the seller, Bellevue Holdings, in the transaction.

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