ORLANDO, Fla.--(EON: Enhanced Online News)--Regency Centers Corporation (“Regency” or the “Company”), a national owner, operator, and developer of grocery-anchored shopping centers, and its co-investment partner, have acquired 201,000 square feet of premier retail in Orlando, Florida.
“Plaza Venezia fits perfectly within Regency’s strategy of owning best-in-class grocery-anchored shopping centers in dominant trade areas”
Plaza Venezia is anchored by Publix and situated in one of the premier trade areas of the city. Located on Sand Lake’s “Restaurant Row,” the shopping center is highly desirable to retailers and restaurants due to its proximity to I-4, nearby daytime employment hubs, the Orlando convention center, and Orlando’s top entertainment attractions.
“Plaza Venezia fits perfectly within Regency’s strategy of owning best-in-class grocery-anchored shopping centers in dominant trade areas,” said Barry Argalas, Senior Vice President of National Transactions for Regency Centers. “Plaza Venezia serves the affluent Doctor Phillips and Bay Hill submarkets and further benefits from strong daytime and evening traffic. The combination of these factors creates a thriving retail environment for tenants at the center and enhances the opportunity for future growth.”
About Regency Centers Corporation (NYSE: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 307 retail properties encompasses over 42.1 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency has developed 223 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.