Sunday, June 2, 2013

Regency Centers Purchases Preston Oaks in Dallas, TX



             Preston Oaks Shopping Center, Dallas, TX


DALLAS, TX--(BUSINESS WIRE)-- Regency Centers Corporation (NYSE:REG), a national owner, operator and developer of grocery-anchored and community shopping centers, closed on the off-market acquisition of Preston Oaks, a 103,503-square-foot neighborhood center anchored by market-dominant grocer H-E-B Central Market.

Stuart Brackenrdige
 Redeveloped in 1991, Preston Oaks is anchored by a 30,439-square-foot H-E-B Central Market alongside national retailers including Gap, Pier 1 Imports and White House Black Market.

The center is strategically located in the affluent Preston Hollow neighborhood at the southeast corner of Preston Road and Royal Lane with 58,000 vehicles daily.

 Preston Oaks is surrounded by 109,000 people with an average household income of $144,000 within a three-mile radius. Plus, this infill center serves a highly educated workforce with a dense daytime population of 118,000.

“Preston Oak fits Regency’s standards for a dominant shopping center, including infill location, market-leading anchors and population density,” said Stuart Brackenridge, vice president of acquisitions and dispositions for Regency Centers.


“The historically high occupancy rates and notable tenant sales performance made Preston Oaks a desirable addition. With a high demand for quality retail space in this trade area given the strong demographics and high barriers to entry, Preston Oaks provides Regency with a dynamic center at a premier Dallas address.”

In addition to Preston Oaks, Regency Centers owns 11 centers in the Dallas market, totaling 809,000 square feet.

 For leasing information, contact Ryan Griffin at 214-706-2502.

 For a complete copy of the company’s news release, please contact:

Todd Templin, Boardroom Communications
954-370-8999 or 954-290-0810 (cell)

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