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| Shops at Mira Vista, Austin, TX |
AUSTIN, TX--(BUSINESS WIRE)-- Regency Centers Corporation
(NYSE:REG), a national owner, operator and developer of grocery-anchored
community shopping centers, has announced the acquisition of the Shops at
Mira Vista in Austin, TX.
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| Stuart Brackenridge |
The Shops at Mira Vista is a 68,340 square foot
neighborhood shopping center, offering a diverse mix of upscale retailers and
restaurants.
The center is anchored by Trader Joe’s - the specialty
grocery chain’s first location in the Austin market - as well as other notable
tenants, including Panera Bread Company, Nothing Bundt Cakes and Champions
Cheer and Dance.
“The acquisition
of the Shops at Mira Vista fits perfectly with our strategy to invest in class
A centers located in high-barrier markets,” said Stuart Brackenridge,
Vice President, Transactions.
“Austin is a booming economic market and this center is
strategically placed to serve the thriving community that surrounds it.
Currently, the center is 98% leased with strong interest in the last remaining
vacancy.”
The Shops at Mira Vista is located at the southwest corner
of Bee Cave Road and Edgegrove Drive, easily accessible to the affluent
Rollingwood and Westlake Hills neighborhoods. The property is approximately
three miles southwest of the Austin Central Business District, and benefits
from a sizable daytime population of more than 180,000.
This transaction continues Regency’s expansion in Texas,
which includes recent investments in the Houston and Dallas markets. This will
be Regency’s fifth center in the Austin area.
For leasing or more information about the Shops at Mira
Vista or other Regency properties in the Austin market, contact leasing agent
Erik Tompkins at 713-599-3503 or ErikTompkins@RegencyCenters.com.
For a complete copy
of the company’s news release, please contact:
COHN Marketing
Lauren Simpson,
303-839-1415, ext. 43
or
Regency Centers Corporation
Stuart Brackenridge,
214-706-2506
Vice President,
Transactions
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