CORRECTING AND REPLACING Regency Centers Closes on 8.58 Acres of Land for 87,000 SF Retail Center at Entrance of Master-Planned Community, La Floresta

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BREA, Calif.--(BUSINESS WIRE)--

Headline of release should read: Regency Centers Closes on 8.58 Acres of Land for 87,000 SF Retail Center at Entrance of Master-Planned Community, La Floresta (instead of Regency Centers Closes on 8.58 Acres of Land for 70,000 SF Retail Center at Entrance of Master-Planned Community, La Floresta).

The corrected release reads:

REGENCY CENTERS CLOSES ON 8.58 ACRES OF LAND FOR 87,000 SF RETAIL CENTER AT ENTRANCE OF MASTER-PLANNED COMMUNITY, LA FLORESTA

Regency Centers REG, a national owner, operator and developer of grocery-anchored community shopping centers, has closed on 8.58 acres at the corner of Imperial Highway and Valencia Avenue in Brea, CA, with plans to build a 87,000 SF retail center, Village at La Floresta. The long-anticipated center will be home to the first Whole Foods Market in North Orange County

A groundbreaking ceremony will be held on the future retail site at the intersection of Imperial Highway and Valencia Avenue in Brea, California, January 8, 2015 at 10 AM. Guest speakers will include representatives from Regency Centers, The City of Brea, and Whole Foods Market.

“Village at La Floresta will not only provide North Orange County with its first Whole Foods, but also new and exciting restaurants and retailers,” said John T. Mehigan, Vice President of Investments for Regency Centers in Southern California. “We've designed this center to become the ‘downtown' for East Brea, a gathering place for the community to meet, shop and enjoy.” Centralized amongst the master-planned La Floresta community, The Village at La Floresta will be surrounded by high-end, multifamily town homes, single-family homes, and luxury senior living.

“We want to create a place that allows people to relax, interact and, most importantly, find the high quality food, goods and services that meet their needs. With areas for gathering, community events and walking paths, we hope the community comes to see Shops at La Floresta as an extension of their own homes,” continued Mehigan. The center will pursue LEED certification to continue with Regency's commitment to sustainable development.

Upon completion, The Village at La Floresta's cornerstone will be the largest art installation in Brea, a $2 million sculpture by artist Doug Hollis. The center will also include a water feature and lush landscaping with native plants. Pedestrian-friendly sidewalks and pathways will thread through the different retail storefronts, allowing for a relaxed and easily accessible atmosphere.

The Village at La Floresta is scheduled for completion January of 2016. For leasing inquiries contact Omar Hussein at omarhussein@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 326 retail properties encompasses over 43.6 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency has developed 218 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.

Regency Centers Corporation
Eric Davidson, 904-598-7829
Communication Manager
ericdavidson@regencycenters.com
or
John T. Mehigan, 213-553-2273
Vice President, Investments
JohnMehigan@RegencyCenters.com

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Posted In: Press Releases
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