HEWLETT, NY--(BUSINESS WIRE)--Jan. 24, 2018--
Regency Centers Corporation (“Regency” or the “Company”) a national
owner, operator, and developer of grocery-anchored shopping centers, has
announced the off-market acquisition of two adjacent properties. The
33,000-square foot center anchored by Petco (Hewlett I) and the
20,000-square foot center anchored by Duane Reade (Hewlett II) were
separately operated, but acted as a single center. Under Regency’s
ownership the two will operate as a single center known as Hewlett
Crossing.
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“As we continue to expand our presence in the market, we are focused on
shopping centers with premier demographics that offer opportunities to
enhance the customer experience,” said Joanna Rotonde, Senior Manager of
Transactions for Regency Centers. “Hewlett Crossing’s location on the
main retail corridor serving the dense and affluent population base has
resulted in a successful and seasoned tenant roster. The Hewlett Fish
Market has been a tenant since 1955 and nearly 70% of the tenants have
been at the center for 15 years or more."
The acquisition of Hewlett Crossing increases Regency’s Long Island
presence to 14 centers totaling nearly 1.9 million-square feet.
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: http://www.businesswire.com/news/home/20180124005665/en/
Source: Regency Centers Corporation
Regency Centers Corporation
Eric Davidson, 904-598-7829
Communication
Manager
EricDavidson@regencycenters.com
or
Jack
DeVilliers, 203-635-5562
Vice President, Investments
JackDeVilliers@regencycenters.com