BEAR — Last sold more than a decade ago, the Eden Hill Shopping Center on Route 40 recently sold for about 20% more than its previous purchase price.

The Lenox Group of Atlanta, Ga. bought the 230,255-square foot shopping center at the end of June from publicly traded real estate investment trust Acadia Realty Trust for $30 million, according to JLL, the broker which represented Acadia.

The deal translates to $108.57 per square foot and a 20% price rise from the $25 million when Acadia bought it in 2014, according to the News Journal.

Bear’s Eden Hill Shopping Center is 98% occupied and is anchored by Giant Food which has been a tenant for more than 30 years there. Other tenants include Gabe’s, LA Fitness, Dollar Tree, Capriotti’s, Citi Trends, Starbucks and more.

JLL reports that cred

See Full Page