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The transaction simplifies its joint venture relationship with MetLife Investment Management, says UDR CEO Tom Toomey

As part of the deal Consolidated-Tomoka sold 20 single-tenant net lease assets to PINE.

Bloomfield, NJ-based Prism Capital commenced demolition earlier this year at the former Lucas Chevrolet dealership site.

An auction for the assets of Destination Maternity is scheduled to take place on Dec. 9, 2019. The deadline to submit qualified bids is Dec. 5, 2019, and the company expects to seek court approval of the winning bid on Dec. 12.

Located on 16 acres, the shopping center is 100% leased with a tenant roster that includes: Marshalls, Planet Fitness, St Jean's Credit Union and 99 Restaurant. The property is a strategic, transit-oriented, value-add acquisition for the company's growing Metro Boston portfolio, Urban Edge Properties states.

"This is one of the fastest growing submarkets in all of Atlanta for rental properties."