Regency Centers (NYSE:REG), a national owner, operator and developer of
grocery-anchored shopping centers, announced plans to enhance the
shopping experience at Gateway Shopping Center, Regency’s premier
shopping center in the Philadelphia market, beginning in late July.
“There are a lot of exciting changes happening in this market and we are
proud to say that we are helping to bring about that change to our
retailers and our community,” said John Hricko, vice president and
regional officer for Regency Centers. “The changes we’re making at
Gateway are focused on enhancing the things people already love about
the center, with a few new improvements.”
To make the center more appealing in today’s marketplace, plans call for
improvements to the center’s aesthetics including raised architectural
features and a modern and vibrant color scheme. The center will also
receive an enhanced landscape design, LED parking lot lighting and
upgraded signage.
Gateway Shopping Center is located in Wayne, PA, northwest of
Philadelphia and situated on heavily trafficked State Highway 202, with
close proximity to the 2.9 million sq. ft. super regional King of
Prussia Mall.
“This is a dynamic area with a diverse population,” John continued. “Not
only do we strive to be active members of this community as people, but
also as a property. This means continuing to evolve with our customers’
wants and needs from all angles.”
Surrounded by a robust office community contributing to a workplace
population over 78,000 within a 3-mile trade area, the center occupies
214,212 sq. ft. and boasts national retailers like Trader Joe’s, TJMaxx,
Staples, Starbucks, Panera, and MOD Pizza.
Construction is estimated to last through late Fall of 2015.
For leasing opportunities or to obtain additional information about this
property, contact senior leasing agent David Sherin at 610-474-1212 or DavidSherin@regencycenters.com
About Regency Centers Corporation (NYSE: REG)
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
321 retail properties encompasses over 43 million square feet located in
top markets throughout the United States, including co-investment
partnerships. Regency has developed 219 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.
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