A helicopter was brought in on Friday to install heating and air-conditioning equipment on the roof of the Lowe’s store under construction near the intersection of Routes 7 and 40 in Bear.
The new Lowe’s will replace a nearly two-decade-old store in Eden Square on the south side of Route 40. The site is part of the Governor’s Square retail area developed by Delle Donne and Associates.
The Eden Square shopping center was sold by Wilmington-based Bellevue Holding to a joint venture between affiliates of Baltimore-based MCB Real Estate, LLC and Acadia Realty Trust through Acadia Strategic Opportunity Fund IV LLC.
The 235,508 square foot center sold for a reported $25 million. The price for the center anchored by Giant and Lowe’s raised a few eyebrows in real estate circles in view of the center’s vacancy rate and the departure of Lowe’s.
