Regency Centers Acquires Two Adjacent Properties to Form Hewlett Crossing in Hewlett, NY

Joanna Rotonde

HEWLETT, NY--(BUSINESS WIRE)--Jan. 24, 2018-- Regency Centers Corporation (“Regency” or the “Company”) a national owner, operator, and developer of grocery-anchored shopping centers, has announced the off-market acquisition of two adjacent properties. The 33,000-square foot center anchored by Petco (Hewlett I) and the 20,000-square foot center anchored by Duane Reade (Hewlett II) were separately operated, but acted as a single center.

Under Regency’s ownership the two will operate as a single center known as Hewlett Crossing.

“As we continue to expand our presence in the market, we are focused on shopping centers with premier demographics that offer opportunities to enhance the customer experience,” said Joanna Rotonde, Senior Manager of Transactions for Regency Centers.

“Hewlett Crossing’s location on the main retail corridor serving the dense and affluent population base has resulted in a successful and seasoned tenant roster. The Hewlett Fish Market has been a tenant since 1955 and nearly 70% of the tenants have been at the center for 15 years or more."

The acquisition of Hewlett Crossing increases Regency’s Long Island presence to 14 centers totaling nearly 1.9 million-square feet.

For more information on this transaction, please contact:

Regency Centers Corporation
Eric Davidson, 904-598-7829
Communication Manager
EricDavidson@regencycenters.com
or
Jack DeVilliers, 203-635-5562
Vice President, Investments
JackDeVilliers@regencycenters.com