Regency Centers Continues Northeast Expansion with Connecticut Acquisition
2024年5月10日 - 1:14AM
Regency Centers has acquired the Compo Shopping Centers, a
76,000-square foot retail destination in the heart of Westport,
Connecticut. These two centers, which are known to the market as
Compo I & II, will combine operations with Regency’s existing
adjacent center, Compo Acres. Together, they will be known as Compo
Acres Shopping Center, and will make up nearly 120,000-square feet
of community-focused, high quality retail straddling Post Road and
just minutes from downtown.
“This center is a natural fit into Regency’s
expertise and ability, not to mention our existing center across
the street,” said Jack deVilliers, Senior Market Officer and Senior
Vice President for Regency Centers. “We have had so much activity
in this incredible market, and for good reason. The communities,
the quality of centers, and the opportunity to bring a time-tested
strategy to those environments is what we pride ourselves on. It’s
why we planted our flag here and continue to call this place
home.”
“Compo Shopping Center has been family owned for
three generations and we look forward to being the next steward of
this asset. We intend to enhance the center’s connection with the
community while looking for additional acquisition opportunities
that align with our investment strategy,” said Barry Argalas,
Managing Director of Transactions for Regency Centers.
About Regency Centers
(Nasdaq:REG)
Regency Centers is a preeminent national owner,
operator, and developer of shopping centers located in suburban
trade areas with compelling demographics. 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.
Eric Davidson904 598
7829EricDavidson@RegencyCenters.com
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