Anchored by Giant Food and Gabe’s, shopping center is currently 90% leased
LA Fitness, recognized as among the fastest-growing health club chains in the United States with more than 700 locations, has opened a new 34,000 square foot sports club within Eden Square Shopping Center in Bear, Delaware. Located at 100 Eden Circle, the 230,000 square foot shopping center, owned and managed by a joint venture between affiliates of MCB Real Estate and Acadia Strategic Opportunity Fund IV LLC, is now 90% leased. The center is anchored by Giant Food, LA Fitness and Gabe’s (formerly Gabriel Brother’s).
The facility offers a full complement of fitness and exercise opportunities including an indoor swimming pool, full-court basketball gym, racquetballs courts, a whirlpool spa and strength and exercise classes such as boot camp conditioning, cycling, kick box cardio, Pilates and yoga. The club also offers group or individual fitness training as provided by a team of professional trainers.
“A high-quality exercise and fitness experience is among the last things that cannot be accessed on the Internet and, in LA Fitness, we have attracted among the largest and most respected operators in the country to Eden Square Shopping Center,” explained Dan Shabel, Portfolio Manager for MCB Real Estate. “The concept provides many consumer touchpoints across the spectrum of age demographics, from young people to senior citizens as well as expecting mothers. Club members participate at LA Fitness throughout all dayparts, which provides consistent opportunities to our other tenants to receive consumer traffic before or after a work-out.”
MCB Real Estate, headquartered in Baltimore, is a privately-held, institutionally-capitalized commercial real estate development and investment firm. Active throughout the Mid-Atlantic region, the company has owns and operates more than six million square feet of retail, industrial, office and mixed-use projects. For additional information visit www.mcbrealestate.com
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual - Core and Fund - operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet. For further information, please visit www.acadiarealty.com.
