A View From The Groundbreaking Ceremony Marking The Start Of Construction On The New 40,000 Square Foot Whole Foods Market. (Photo: Business Wire)

Regency Centers Corporation (NYSE: REG), a national owner, operator and developer of grocery-anchored community shopping centers, is proud to announce a groundbreaking ceremony for the start of construction on a new 40,000 square foot Whole Foods Market ®. The new store, located 25 miles from downtown Chicago in Schererville, Ind., is projected to open in the fall of 2015, joining existing tenants Homegoods, Gordmans, Ross Dress for Less, DSW Designer Shoe Warehouse and many others. The Shops on Main center is located along Schererville’s main corridor at the high-volume intersection of Route 41 and Main Street. The center sits in a prime location of a thriving market with over 100,000 residents living within the primary trade area.
A view from the groundbreaking ceremony marking the start of construction on the new 40,000 square f ...

A view from the groundbreaking ceremony marking the start of construction on the new 40,000 square foot Whole Foods Market. (Photo: Business Wire)

“We are proud to join the Schererville community and share with the residents our fresh, natural and organic products,” says Michael Bashaw, Midwest Regional President, Whole Foods Market. “We have received many requests to locate a store in this area and our team members are looking forward to opening another store in the great state of Indiana. We have customers in the community who are driving long distances to shop at our stores and are happy to now be able to offer them the convenience of having a local store of their own.”

Town officials as well as members of the Whole Foods Market, Boyer Properties, and Regency Centers, gathered for the official groundbreaking. In addition, Whole Foods, Boyer and Regency Center presented the Food Bank of Northwest Indiana with a donation of $5,000 to help further their efforts of ending hunger throughout the region.

Whole Foods Market has been the world’s leading natural and organic food grocer since opening its doors in 1980. The new store will help usher in a new wave of retailers that will be a welcomed addition to the Schererville community. Boasting more than 385 stores in the U.S., Canada and United Kingdom, the company maintains a strong commitment to sustainable agriculture, community reinvestment and environmental stewardship.

“It is a very exciting time to see Shops on Main continue to raise the bar as the preeminent shopping destination in Northwest Indiana, which would not have been possible without the support of the Town,” said Nick Wibbenmeyer, Senior Vice President and Senior Market Officer at Regency Centers. “We are thrilled to have Whole Foods Market lead the way for our second phase of development and join our existing first-class retailer mix.”

About Regency Centers

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 332 retail properties encompasses over 43.9 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency has developed 215 shopping centers since 2000, representing an investment at completion of more then $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.

About Whole Foods Market ®

Founded in 1980 in Austin, Texas, Whole Foods Market ( wholefoodsmarket.com), (NASDAQ: WFM), is the leading natural and organic food retailer. As America’s first national certified organic grocer, Whole Foods Market was named “America’s Healthiest Grocery Store” by Health magazine. The company's motto, “Whole Foods, Whole People, Whole Planet”™ captures its mission to ensure customer satisfaction and health, Team Member excellence and happiness, enhanced shareholder value, community support and environmental improvement. Thanks to the company’s more than 78,000 Team Members, Whole Foods Market has been ranked as one of the “100 Best Companies to Work For” in America by FORTUNE magazine for 15 consecutive years. In fiscal year 2013, the company had sales of $12.9 billion and currently has more than 360 stores in the United States, Canada and the United Kingdom.

Copyright Business Wire 2010

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