New York, NY, February 4, 2011 – Infinity Real Estate LLC (“Infinity”) announced today the purchase of Eden Centre, a 59,000 square foot grocery-anchored neighborhood shopping center in Eden, North Carolina. Eden Centre, anchored by a Food Lion Supermarket, also features a mix of national and regional everyday retail offerings including CitiFinancial Services and a Subway Restaurant. Eden Centre is the most recent addition to Infinity’s national portfolio of neighborhood retail properties.
Eden Centre is positioned along North Carolina Highway 14 (North Van Buren Road), a primary north/south, four-lane thruway. “The center’s recession-proof tenants will provide stable, long term cash flow, and the existing vacancy provides an opportunity for significant upside potential,” said Jonathan Zamir of Infinity.