Regency Centers Corporation (“Regency Centers”) (NYSE:REG), a national
owner, operator and developer of grocery-anchored community shopping
centers, and its co-investment partner, Global Retail Investors, LLC – a
partnership between CalPERS and First Washington Realty – is proud to
announce the transformation of its Hanover Village shopping center,
located in Mechanicsville, VA.
“The new tenant line-up has generated a lot of excitement for the
center,” said Rich Sutphin, Vice President and Regional Officer for
Regency Centers. “We felt it was necessary to ensure the local community
was getting what it needed at Hanover Village. This is a unique asset,
and with the addition of ALDI and the new prototypes of Tuesday Morning
and Anna’s, we feel we have created an asset that is positioned for
success.”
New to the center is ALDI, a German-born supermarket with over 8,000
stores throughout the United States and overseas. They are a two-time
winner of the Supermarket of the Year Award in the United Kingdom, and
also won Grocer of the Year in 2013. Their unique store design and
operation are known for their efficiency, selection and low cost.
Carrying a reputation for high quality paints and finishes, the Benjamin
Moore Paint Company, which originally joined Hanover Village in 2011,
will relocate to an expanded space to accommodate the ALDI addition.
They will open in their new prototypical store in 4,000 square feet
directly adjacent to the new grocer. Operating since 1883, Benjamin
Moore looks to continue its tradition of excellence serving the city of
Mechanicsville.
Tuesday Morning will be relocating within the center and upgrading to
their larger prototype of close to 11,000 square feet, bringing with
them their deep-discounts on upscale selections. Anna’s Italian
Restaurant and Insurance Doctor are also among the retailers relocating
within the center to accommodate the new ALDI grocer.
Regency would like to recognize the collaborative effort of Bruce Bigger
and James Ashby of Thalhimer, April Laney of Regency Centers, and Darren
Wood of Providence Group. For more information on leasing in the area,
please contact April Laney at 703-442-4337, or AprilLaney@RegencyCenters.com.
About Regency Centers
With more than 50 years of experience, Regency is the preeminent
national owner, operator and developer of high-quality, grocery-anchored
neighborhood and community shopping centers. The Company’s portfolio of
326 retail properties encompasses over 43.6 million square feet located
in top markets throughout the United States, including co-investment
partnerships. Regency has developed 218 shopping centers since 2000,
representing an investment at completion of more than $3 billion.
Operating as a fully integrated real estate company, Regency is a
qualified real estate investment trust that is self-administered and
self-managed.
Copyright Business Wire 2014