EDENS acquires Fifth & Alton shopping center in South Beach

Retail developer EDENS has acquired the Fifth & Alton shopping center in South Beach, according to a company press release. The property, which is located at Fifth Street and Alton Road, is anchored by national retail tenants including Publix, Best Buy, Staples and TJ Maxx, among others. It is the 20th property acquired by the firm in Florida, including 13 in South Florida. EDENS said it had paid $300 million for six assets in Miami in the last two years. Terms of the deal were not disclosed. The seller was Jeff Berkowitz’ Berkowitz Development Group.— Alexander Britell