EDENS Expands Southeast Portfolio with Acquisition of Park Place


Atlanta, December 9, 2021 — EDENS, a leading national retail real estate owner, operator and developer, announced today that it has acquired Park Place, a retail property located in the heart of the Central Perimeter market in the City of Dunwoody in Georgia’s Atlanta MSA.

“The Central Perimeter is one of the most dynamic submarkets in the Southeastern United States, and we are excited to be a part of this community,” said Herbert Ames, Senior Vice President, Regional Leader, EDENS. “Park Place is a strong asset that has been a gathering place in Dunwoody for over 40 years. We look forward to leading this property into its next chapter.”

Coro acquired the well-located retail center across from Perimeter Mall on Ashford Dunwoody Road in 2009 and overhauled the rent roll during its ownership.

“The disposition of Park Place following more than 10 years of stabilization and improvements fits Coro Realty’s long-term investment strategy,” said John Lundeen, Managing Partner, Coro Realty. “EDENS has added a high-performing asset with strong upside, while Coro will use its proceeds to continue the diversification of our portfolio.”

EDENS now owns and operates 1.8 million square feet of retail in the Atlanta MSA, including Toco Hills, Merchants Walk, Andrews Square, Buckhead Marketplace, Moores Mill and the recently acquired North DeKalb Mall.

The CBRE team including Chris Decouflé, Kevin Hurley and Matt Karempelis, brokered the sale on behalf of Coro Realty.

About EDENS:
EDENS is a retail real estate owner, operator and developer of a nationally leading portfolio of 110 places. Our purpose is to enrich community through human engagement. We know that when people come together, they feel a part of something bigger than themselves and prosperity follows— economically, socially, culturally and soulfully. EDENS has offices in key markets including Washington, D.C., Boston, Dallas, Columbia, Atlanta, Miami, Charlotte, Houston and Denver.