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.
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| 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.
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“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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