Regency Centers Acquires Brentwood Place Shopping Center in Nashville, TN
Regency Centers has acquired Brentwood Place Shopping Center in Nashville, TN, a 320,000-square-foot community center located in one of Nashville's premier submarkets. The property is currently 95% leased and features prominent anchors including Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods, and Golf Galaxy.
The shopping center, situated 7 miles south of Downtown Nashville, attracts over 4.3M annual visitors and is adjacent to the future 350,000-square-foot Vanderbilt Medical Campus. The acquisition includes more than 100,000 square feet of shops with a mix of national and regional tenants.
The company plans to enhance the property's value through lease-up and remerchandising strategies, focusing on active asset management to strengthen its position in high-growth retail corridors.
Regency Centers ha acquisito Brentwood Place Shopping Center a Nashville, TN, un centro commerciale di 320.000 piedi quadrati situato in uno dei principali submercati di Nashville. La proprietà è attualmente affittata al 95% e presenta importanti punti di ancoraggio tra cui Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods e Golf Galaxy.
Il centro commerciale, situato a 7 miglia a sud del centro di Nashville, attira oltre 4,3 milioni di visitatori all'anno ed è adiacente al futuro campus medico Vanderbilt di 350.000 piedi quadrati. L'acquisizione include più di 100.000 piedi quadrati di negozi con un mix di inquilini nazionali e regionali.
L'azienda prevede di aumentare il valore della proprietà attraverso strategie di affitto e ristrutturazione, concentrandosi su una gestione attiva degli asset per rafforzare la sua posizione nei corridoi commerciali ad alta crescita.
Regency Centers ha adquirido Brentwood Place Shopping Center en Nashville, TN, un centro comunitario de 320,000 pies cuadrados ubicado en uno de los principales submercados de Nashville. La propiedad está actualmente alquilada al 95% y cuenta con anclas destacadas como Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods y Golf Galaxy.
El centro comercial, situado a 7 millas al sur del centro de Nashville, atrae a más de 4.3 millones de visitantes anuales y está adyacente al futuro campus médico de Vanderbilt de 350,000 pies cuadrados. La adquisición incluye más de 100,000 pies cuadrados de tiendas con una mezcla de inquilinos nacionales y regionales.
La empresa planea aumentar el valor de la propiedad a través de estrategias de arrendamiento y re-comercialización, enfocándose en una gestión activa de activos para fortalecer su posición en corredores minoristas de alto crecimiento.
Regency Centers는 테네시주 내슈빌에 위치한 Brentwood Place Shopping Center를 인수했습니다. 이 커뮤니티 센터는 320,000 평방피트 규모로 내슈빌의 주요 서브마켓 중 하나에 위치하고 있습니다. 현재 이 부동산은 95% 임대되었으며, Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods, Golf Galaxy와 같은 주요 앵커들이 있습니다.
이 쇼핑 센터는 내슈빌 다운타운에서 남쪽으로 7마일 떨어진 곳에 위치해 있으며, 연간 430만 명 이상의 방문객을 유치하고 있으며, 미래의 350,000 평방피트 규모의 밴더빌트 의학 캠퍼스와 인접해 있습니다. 이번 인수에는 100,000 평방피트 이상의 상점이 포함되어 있으며, 국가 및 지역 임차인들이 혼합되어 있습니다.
회사는 임대 및 재상권화 전략을 통해 자산 가치를 높일 계획이며, 고성장 소매 코너에서의 입지를 강화하기 위해 적극적인 자산 관리에 중점을 두고 있습니다.
Regency Centers a acquis un Brentwood Place Shopping Center à Nashville, TN, un centre communautaire de 320 000 pieds carrés situé dans l'un des principaux sous-marchés de Nashville. La propriété est actuellement louée à 95 % et compte des enseignes de renom telles que Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods et Golf Galaxy.
Le centre commercial, situé à 7 miles au sud du centre-ville de Nashville, attire plus de 4,3 millions de visiteurs par an et est adjacent au futur campus médical de Vanderbilt de 350 000 pieds carrés. L'acquisition comprend plus de 100 000 pieds carrés de magasins avec un mélange de locataires nationaux et régionaux.
L'entreprise prévoit d'augmenter la valeur de la propriété grâce à des stratégies de location et de re-commercialisation, en se concentrant sur une gestion active des actifs pour renforcer sa position dans les corridors de vente au détail à forte croissance.
Regency Centers hat das Brentwood Place Shopping Center in Nashville, TN, erworben. Es handelt sich um ein 320.000 Quadratfuß großes Gemeindezentrum, das in einem der besten Submärkte von Nashville liegt. Die Immobilie ist derzeit zu 95 % vermietet und verfügt über bedeutende Anker wie Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods und Golf Galaxy.
Das Einkaufszentrum, das 7 Meilen südlich von Downtown Nashville liegt, zieht jährlich über 4,3 Millionen Besucher an und grenzt an den zukünftigen 350.000 Quadratfuß großen Vanderbilt Medical Campus. Die Akquisition umfasst mehr als 100.000 Quadratfuß Geschäfte mit einer Mischung aus nationalen und regionalen Mietern.
Das Unternehmen plant, den Wert der Immobilie durch Mietstrategien und Umgestaltung zu steigern, wobei der Schwerpunkt auf aktivem Asset Management liegt, um seine Position in wachstumsstarken Einzelhandelskorridoren zu stärken.
- 95% occupancy rate indicates strong current performance
- Strategic location near future 350,000 sq ft Vanderbilt Medical Campus
- High visitor traffic with 4.3M annual visitors
- Strong anchor tenants including Nordstrom Rack and TJ Maxx/HomeGoods
- Value-add opportunities through lease-up and remerchandising
- 5% vacancy rate needs to be addressed
- Potential integration and renovation costs for property improvements
Insights
Regency Centers' acquisition of Brentwood Place Shopping Center represents a strategic portfolio expansion that strengthens the REIT's position in the high-growth Nashville market. At 320,000 square feet with a 95% occupancy rate, this property immediately contributes stable cash flow while offering upside through the identified lease-up and remerchandising opportunities.
The tenant roster featuring Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods, and Golf Galaxy provides a resilient anchor base that generates consistent foot traffic (4.3 million annual visitors) and supports smaller tenants. The property's location adjacent to the planned 350,000-square-foot Vanderbilt Medical Campus development creates a significant potential catalyst for increased foot traffic and tenant demand.
This acquisition aligns with Regency's core strategy of owning high-quality, grocery-anchored neighborhood and community shopping centers in affluent suburbs with strong demographics. While financial terms weren't disclosed, the deal likely contributes incrementally to Regency's $12.8 billion market cap and should enhance the company's operating metrics given the center's high occupancy.
The transaction demonstrates management's continued execution on their stated growth strategy of expanding in desirable submarkets while maintaining portfolio quality. For a REIT of Regency's size, the ability to identify and secure properties with both stable income and enhancement potential is important for delivering shareholder value.
NASHVILLE, Tenn., March 17, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers” or the “Company”), a leading national owner, operator, and developer of open-air shopping centers, has announced the acquisition of Brentwood Place Shopping Center, a community center and premier retail destination in Brentwood, TN, one of Nashville’s most attractive submarkets.
Brentwood Place spans approximately 320,000 square feet, including more than 100,000 square feet of shops and top-tier anchors including Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods, and Golf Galaxy. The center is
“This acquisition aligns with our strategic vision of investing in high-quality retail centers in thriving suburban trade areas with strong demographics,” said Andre Koleszar, Managing Director of the Southeast at Regency Centers. “Brentwood Place serves a powerful and growing community, and we look forward to further enhancing its appeal and long-term value.”
Strategic Acquisition Highlights:
- Prime Location: Situated just seven miles south of Downtown Nashville, Brentwood is among the most sought-after retail submarkets in Tennessee.
- High-Performing Tenant Mix: The shopping center features a mix of national, regional, and local retailers, providing a dynamic shopping experience.
- Long-Term Value Creation: Regency Centers plans to steward the property through active, thoughtful, and industry-leading asset management.
Brentwood Place currently draws over 4.3M annual visitors due to its strategic placement and offerings and is adjacent to the future 350,000-square-foot Vanderbilt Medical Campus, further solidifying its role as a key retail and service destination.
This acquisition expands Regency Centers’ footprint in the Nashville market, reinforcing the Company’s commitment to investing in high-growth retail corridors. The Company remains focused on curating retail environments that connect communities and elevate the shopping experience.
About Regency Centers
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 Davidson
904 598 7829
EricDavidson@RegencyCenters.com
This press release was published by a CLEAR® Verified individual.
FAQ
What is the size of the Brentwood Place Shopping Center acquired by Regency Centers (REG)?
What is the current occupancy rate of Brentwood Place Shopping Center?
Who are the major anchor tenants at Brentwood Place Shopping Center?
How many visitors does Brentwood Place Shopping Center attract annually?
What are REG's plans for improving Brentwood Place Shopping Center?
