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| University Commons, 1400 Glades Road, Boca Raton, FL |
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| Daniel Finkle |
MIAMI, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has closed the sale of University
Commons, a 180,323-square-foot, 100-percent-leased shopping center with
multiple national anchors in Boca Raton, Florida.
HFF marketed the property
on behalf of the seller, an entity controlled by Boca Raton-based Schmier &
Feurring Properties. Jacksonville-based
Regency Centers purchased the asset subject to an existing loan.
Situated on 22.4 acres at
the Interstate 95 interchange, University Commons is located at 1400 Glades
Road. This “main and main” location is
in one of Boca Raton’s top commercial trade areas and is visible to
approximately 260,000 vehicles per day.
Developed in 2001 by the
seller, the pedestrian-friendly, open-air center consists of one primary
building with four outparcel buildings and 1,156 parking spaces.
University Commons is 100 percent leased to
Whole Foods Market, Nordstrom Rack, Barnes & Noble, Bed Bath & Beyond,
PF Chang’s, J. Alexander’s, Mario’s Osteria, and Shake Shack.
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| Luis Castillo |
The HFF team representing
the seller was led by senior managing director Daniel Finkle, managing director Luis Castillo and associate director Nat Scarmazzi.
“University Commons is one
of the premier retail centers in the country,” Finkle said. “Its combination of location, tenancy and
design are impeccable and highlighted by the tenant’s outstanding sales
performance.”
“I have a tremendous
amount of excitement about purchasing this trophy asset that will further
promote Regency’s time-tested strategy of acquiring very high quality shopping
centers,” said Scott Porter, vice president of Transactions for Regency
Centers.
“We couldn’t have done this without the good
people over at HFF and Schmier & Feurring Properties. Their expertise and professionalism were key
in working through many hurdles in this deal.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
Twitter @regencycenters
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