TORRANCE, CA--(BUSINESS WIRE)-- Regency Centers (NYSE: REG), a national owner, operator and developer of grocery-anchored and community shopping centers, has begun construction of South Bay Village, a 109,293-square-foot neighborhood center anchored by Orchard Supply Hardware and HomeGoods.
Located 19 miles south of downtown Los Angeles, the retail center is strategically positioned within the primary retail corridor of South Bay on Hawthorne Boulevard with daily traffic counts of 78,000. Scheduled anchor openings begin in September 2012.
Built on the site of a former Kmart, South Bay Village will include a 49,687-square-foot Orchard Supply Hardware, 25,109-square-foot HomeGoods, a future 30,000-square-foot anchor and one outparcel. The existing building will be renovated and expanded with a new exterior façade, upgraded architectural components, new signage, lighting and parking lot improvements.
“We have received strong national retailer interest in South Bay Village due to its infill location among 242,000 people with average household incomes exceeding $90,000 within a three-mile radius,” said John Mehigan, Regency Centers Vice President of Investments.
Regency Centers owns and manages 19 properties in the Los Angeles market totaling 2.4 million square feet.
Contacts:
The Hoffman Agency
Bonnie Hayflick, 904-398-9663
or
Regency Centers
John Mehigan, 213-553-2273
Vice President Investments
No comments:
Post a Comment