Eidi Properties recently purchased 39 shopping centers across Illinois, Indiana, Florida, Michigan, North Carolina and Virginia from the Dembs Roth real estate management group. The deal expands the commercial real estate investment firm’s portfolio by more than 60% to nearly 80 power centers, grocery-anchored centers and community retail hubs.

Eidi real estate director Doug Flick told C+CT that the newly acquired portfolio encompasses nearly 700,000 square feet, with the average center measuring about 20,000 square feet. Tenants include AutoZone, Dollar General, Domino’s, Mattress Firm, Sally and Subway, said Flick. The firm’s entire portfolio now spans about 1.7 million square feet.

The new properties “are exceptional assets, well located, well maintained and deeply rooted in their communities, but what made this acquisition most meaningful was the integrity of the Dembs and Roth families,” said Eidi president and CEO Ramy Eidi. “Their legacy is one of care, loyalty and excellence, and we are honored to carry that forward.”