Regency Centers Announces Enhancement of Gateway Shopping Center in Bustling Philadelphia Market

PHILADELPHIA--(BUSINESS WIRE)--

Regency Centers REG, a national owner, operator and developer of grocery-anchored shopping centers, announced plans to enhance the shopping experience at Gateway Shopping Center, Regency's premier shopping center in the Philadelphia market, beginning in late July.

"There are a lot of exciting changes happening in this market and we are proud to say that we are helping to bring about that change to our retailers and our community," said John Hricko, vice president and regional officer for Regency Centers. "The changes we're making at Gateway are focused on enhancing the things people already love about the center, with a few new improvements."

To make the center more appealing in today's marketplace, plans call for improvements to the center's aesthetics including raised architectural features and a modern and vibrant color scheme. The center will also receive an enhanced landscape design, LED parking lot lighting and upgraded signage.

Gateway Shopping Center is located in Wayne, PA, northwest of Philadelphia and situated on heavily trafficked State Highway 202, with close proximity to the 2.9 million sq. ft. super regional King of Prussia Mall.

"This is a dynamic area with a diverse population," John continued. "Not only do we strive to be active members of this community as people, but also as a property. This means continuing to evolve with our customers' wants and needs from all angles."

Surrounded by a robust office community contributing to a workplace population over 78,000 within a 3-mile trade area, the center occupies 214,212 sq. ft. and boasts national retailers like Trader Joe's, TJMaxx, Staples, Starbucks, Panera, and MOD Pizza.

Construction is estimated to last through late Fall of 2015.

For leasing opportunities or to obtain additional information about this property, contact senior leasing agent David Sherin at 610-474-1212 or DavidSherin@regencycenters.com

About Regency Centers Corporation REG

With more than 50 years of experience, Regency is the preeminent national owner, operator and developer of high-quality, grocery-anchored neighborhood and community shopping centers. The Company's portfolio of 321 retail properties encompasses over 43 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency has developed 219 shopping centers since 2000, representing an investment at completion of more than $3 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.

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