Regency Centers Acquires The Longmeadow Shops in Massachusetts

Rhea-AI Summary

Regency Centers (REG) acquires The Longmeadow Shops in Longmeadow, MA, a 100,000 square feet neighborhood center with a strong national tenant mix. The property is 100% leased and features popular brands like CVS, Athleta, Starbucks, Bank of America, Talbots, Gap, J. Crew Factory, and Chico’s, along with local favorites such as Posto, Max Burger, and Delaney’s Market.

LONGMEADOW, Mass., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Regency Centers today announced the acquisition of The Longmeadow Shops in Longmeadow, MA.

“The Longmeadow Shops have been a fixture in this community dating back 50 years and serves as a town gathering spot for shopping and dining,” said Barry Argalas, Managing Director of Transactions. “This time-tested property will be a fantastic addition to the Regency portfolio.”

The Longmeadow Shops is a neighborhood center with approximately 100,000 square feet of space that is currently 100% leased. A staple of the local community, it consists of a strong national tenant mix including CVS, Athleta, Starbucks, Bank of America, Talbots, Gap, J. Crew Factory, and Chico’s. It is also home to local favorites such as Posto, Max Burger, and Delaney’s Market. The center is the premier shopping and dining destination within the trade area with an established reputation and relationship with the surrounding neighborhoods.

“Regency understands and appreciates the attractiveness of this trade area,” said Jack deVilliers, Senior Vice President and Senior Market Officer. “We continue to make strategic and accretive investments in the Northeast, powered by our financial strength and access to capital. As long-term owners of our properties, we look forward to further investing in portfolio growth and demonstrating why we are a company-of-choice for this retail environment.”

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 Davidson
904 598 7829
EricDavidson@RegencyCenters.com

FAQ

What did Regency Centers (REG) acquire in Longmeadow, MA?

Regency Centers acquired The Longmeadow Shops, a 100,000 square feet neighborhood center.

What is the occupancy rate of The Longmeadow Shops?

The property is currently 100% leased.

Which popular national brands are located at The Longmeadow Shops?

The center features popular brands like CVS, Athleta, Starbucks, Bank of America, Talbots, Gap, J. Crew Factory, and Chico’s.

What are some of the local favorites at The Longmeadow Shops?

Local favorites include Posto, Max Burger, and Delaney’s Market.

What is Regency Centers' strategy for further investment in the Northeast?

Regency plans to make strategic and accretive investments in the Northeast, powered by their financial strength and access to capital.

Why does Regency consider themselves a company-of-choice for this retail environment?

Regency aims to further invest in portfolio growth and demonstrate why they are a company-of-choice for this retail environment.