RALEIGH, N.C.--(BUSINESS WIRE)--Sep. 24, 2018--
Regency Centers Corporation (“Regency” or the “Company”), a national
owner, operator, and developer of grocery-anchored shopping centers, has
announced the acquisition of the Ridgewood Shopping Center. Located in
Raleigh, NC, Ridgewood Shopping Center was originally developed in 1951
and has operated as a grocery anchored center for the past 67 years.
Ridgewood Shopping Center was purchased in a joint-venture partnership
where Regency owns a 20% interest.
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Ridgewood Shopping Center in Raleigh, North Carolina. (Photo: Business Wire)
The center is located inside Raleigh’s Beltline, less than three miles
from downtown, and anchored by the city’s original Whole Foods. Placed
among the strongest demographics in the market, Ridgewood is proximate
to NC State, Meredith College, and Raleigh’s most-affluent neighborhoods.
“Regency Centers is proud to add Ridgewood to our portfolio of high
quality shopping centers in the Carolinas,” said Matt Hagan, Vice
President and Market Officer for Regency Centers. “This is an
irreplaceable, infill property with a deep-seated history and is one of
the best located centers in the Triangle. We plan to leverage the
strength of our leasing, property management and development teams to
ensure that the center both reflects and serves the surrounding
Along with Whole Foods Market, Ridgewood Shopping Center is also home to
Walgreens, Orvis, Fleet Feet Sports and a collection of long-tenured
local tenants servicing the trade area. This is Regency’s 13th
property in the market, including Cameron Village, Midtown East, and
Market at Colonnade Center.
About Regency Centers Corporation (NYSE:REG)
Regency Centers is the preeminent national owner, operator, and
developer of shopping centers located in affluent and densely populated
trade areas. Our portfolio includes thriving properties merchandised
with highly productive grocers, restaurants, service providers, and
best-in-class retailers that connect to their neighborhoods,
communities, and customers. Operating as a fully integrated real estate
company, Regency Centers is a qualified real estate investment trust
(REIT) that is self-administered, self-managed, and an S&P 500 Index
member. For more information, please visit regencycenters.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180924005553/en/
Source: Regency Centers Corporation
Regency Centers Corporation
Eric Davidson, 904-598-7829
Vice President, Market Officer