Regency Centers Announces the Acquisition of University Commons in Boca Raton

JACKSONVILLE, Fla.--(BUSINESS WIRE)--

Regency Centers Corporation REG, a national owner, operator, and developer of grocery-anchored shopping centers, has announced the acquisition of University Commons for $80.5 million. This 180,000 square foot center - located in Boca Raton, Florida - is currently 100% leased.

Anchored by one of the highest-trafficked Whole Foods Markets in the country, University Commons' merchandising mix showcases a best-in-class tenant line-up, including Nordstrom Rack and Bed Bath & Beyond, along with a collection of successful restaurants including J. Alexander's, P.F. Chang's, Mario's Osteria, and Shake Shack.

"University Commons is a trophy asset that we are extremely excited about," began Scott Porter, vice president of transactions for Regency Centers. "It's rare that you find a property with its mixture of fundamental retail drivers; the proximity to a very high volume mall, adjacent to I-95, located in an affluent and densely populated market, while also being located directly across from a large university campus. This asset is poised to continue to operate at a very high-level."

About Regency Centers

For more than 50 years, Regency Centers (Regency) has owned, operated and developed dominant, grocery-anchored retail centers that are exceptionally merchandised and maintained. Its legacy of success is evidenced by 319 thriving centers, 19 regional offices and properties located in most major U.S. markets. Retailers seek out Regency first, because of the expertise and integrity the company's people bring to every interaction. Visit www.regencycenters.com for more information.

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