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| John Mehigan |
OAKLEY, CA, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Regency Centers has announced the commencement of Oakley Shops at Laurel Fields (“Oakley Shops”), a new Safeway-anchored ground-up development in Oakley, CA.
Oakley Shops will include approximately 79,000-square-feet of retail
and marks Regency’s first development in the Northern California submarket.
This new development will be situated at the signalized arterial intersection
of Laurel Road and O’Hara Avenue and will address a void of limited high-quality
retail and grocer destinations in the trade area.
“Oakley
Shops is not only a testament to our ability to find deals in the market, but
also the strength of our anchor relationships,” said John Mehigan,
Senior Vice President of Investments at Regency Centers.
“Best-in-class operators know that we can make projects happen, and
that our focus on long-term ownership will deliver a quality property in a
prime location that will be maintained and enhanced for as long as we own it.”
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| Craig Ramey |
“Regency has a unique ability to find opportunity and untapped value, regardless of headwinds or hurdles,” said Craig Ramey, Development Partner for Regency Centers. “Our reputation only continues to grow through each success, as well as the consideration and care that we take with our partners.”
Safeway
will occupy approximately 56,000 square feet at Oakley Shops, with an
additional 23,000 square feet of quality retail, restaurant, and everyday
needs. Upcoming merchants are currently in various stages of lease negotiation
and discussion, with more announcements anticipated soon.
For more information on Oakley Shops, including leasing opportunities, contact Michelle Rooney at MichelleRooney@regencycenters.com.
CONTACT:
Eric Davidson
904 598 7829
EricDavidson@RegencyCenters.com
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