Regency Centers Announces Two Whole Foods Market Locations In Chicago Area

Regency Centers Corporation (NYSE:REG), a national owner, operator and developer of grocery-anchored community shopping centers, has announced that two new Whole Foods Market grocery stores will be coming to the Chicago area. Leases have been signed at the Shops on Main center and also at Hinsdale Lake Commons, replacing the previous tenant, Dominick’s.

“Few brands carry the respect and consumer appeal that Whole Foods Market does,” said Nick Wibbenmeyer, vice president and regional officer at Regency Centers. “They are a national leader in offering high quality, organic foods, and we are very excited to be partnering with them to better serve our communities in Chicago and around.”

Founded in Austin, TX in 1980, Whole Foods Market is a natural and organic grocer that has transformed the organic foods industry in the United States. Now boasting more than 360 stores in the U.S. and United Kingdom, the company maintains a strong commitment to sustainable agriculture, environmental stewardship and community reinvestment. Once open, the Shops on Main and Hinsdale Lake Commons locations will bring the total number of Whole Foods Market locations in the Chicago area to 19.

“Schererville and Willowbrook are not only dynamic and energetic communities, but they also share our strong passion for natural and organic foods,” commented Michael Bashaw, Midwest regional president, Whole Foods Market. “We are delighted to be a part of these communities and support the wonderful people who live in them.”

Currently under construction for opening this spring, the Shops on Main is a 200,000-square foot community shopping center in Schererville, IN, which is located 25 miles southeast of downtown Chicago. An additional location benefit is the centers’ strategic location at the intersection of two main arterial roads, U.S. Route 41 and Main Street. Whole Foods Market will be joining other previously announced tenants, including Gordmans, Ross Dress for Less, HomeGoods and DSW Designer Shoe Warehouse, in a 40,000 square foot space.

The 178,960 square foot Hinsdale Lake Commons center is located in Willowbrook, IL at the intersection of Robert Kingery Hwy (SR 83) and 63 rd St., approximately 22 miles southwest from Chicago. The center serves a local population of more than 100,000 with 67,000+ vehicles per day trafficking the intersection. Whole Foods Market will take over the 69,540 square foot space vacated by the recently closed Dominick’s Finer Foods. Other tenants in the center include Hallmark, Phillies Pizza Bar & Grill, and LaVida Massage.

For leasing or more information about the Shops on Main, Hinsdale or other Regency properties in the Chicago market, contact leasing agent Rick Spector at 630-645-2817 or RickSpector@RegencyCenters.com.

About Regency Centers Corporation (NYSE:REG)

Regency is the preeminent national owner, operator and developer of high-quality grocery-anchored and community shopping centers. As of Dec. 31, 2013, the company owned 328 retail properties, including those held in co-investment partnerships. Including retailer-owned square footage, the portfolio encompassed 43.3 million square feet located in top markets throughout the United States. Since 2000, Regency has developed 214 shopping centers, including those currently in process, 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.

Copyright Business Wire 2010

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