Regency Centers Corporation (NYSE:REG), a national owner, operator and developer of grocery-anchored and community shopping centers, closed on the acquisition of Balboa Mesa Shopping Center, a 189,321-square-foot infill shopping center anchored by market-dominant grocer Vons. Regency purchased the San Diego property for $59.5 million from Balboa Realty LLC.
About Regency Centers CorporationRegency is the preeminent national owner, operator, and developer of dominant grocery-anchored and community shopping centers. As of June 30, 2012, the Company owned 364 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed 49.5 million square feet located in top markets throughout the United States. Since 2000, Regency has developed 209 shopping centers, including those currently in-process, representing an investment at completion of more than $3.0 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50412233&lang=en