Regency Centers Announces The Field at Commonwealth, a New Development in the Greater D.C. Metro
Area
Regency Centers Corporation (“Regency” or the “Company”) (NYSE: REG), a national owner, operator, and developer
of grocery-anchored shopping centers, has announced a new ground-up development in Chantilly, Virginia. The Field at Commonwealth,
with estimated net development costs of $44.5 million, will occupy nearly 180,000 square-feet of exceptional retail, anchored by a
120,000 square-foot Wegmans Food Market. Construction of the development has begun, with an estimated 2018 completion.
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The Field at Commonwealth (Photo: Business Wire)
“The Field at Commonwealth is going to transform the Chantilly and Westfields area into a vibrant retail corridor in Northern
Virginia,” said Devin Corini, Vice President of Investments for Regency Centers. “The importance of bringing the dominant gourmet
grocer in the Washington, D.C. market to the project cannot be overstated. The unrivaled product offering and shopping experience
that Wegmans is known for will serve the surrounding community well.”
Strategically located at the intersection of US-28 and Westfields Boulevard, The Field at Commonwealth will be the dominant
retail destination for the surrounding class-A office market as well as encompassed by affluent residential neighborhoods. Along
with its proximity to Dulles Airport and strong private/public presence of governmental employers, this project benefits from a
uniquely strategic location in the greater D.C. metro area.
Commensurate with Regency’s nationally recognized sustainability efforts, The Field at Commonwealth will seek LEED Certification
by capitalizing on its semi-urban infill location, with a combination of high-performance building design and environmentally
friendly construction practices.
For leasing inquiries, please contact Brian Greene at BrianGreene@RegencyCenters.com, or 703-442-4331.
About Regency Centers Corporation (NYSE: REG)
Regency is the preeminent national owner, operator and developer of neighborhood and community shopping centers. The Company’s
portfolio of 429 retail properties encompasses more than 57 million square feet, is primarily anchored by productive grocers and is
located in affluent and infill trade areas in the country’s most attractive metro areas. Regency has developed 225 shopping centers
since 2000, representing an investment at completion of more than $3.5 billion. Operating as a fully integrated real estate
company, Regency is a qualified real estate investment trust that is self-administered and self-managed, and a member of the
S&P 500 index.
Regency Centers Corporation
Eric Davidson, 904-598-7829
Communications Manager
EricDavidson@RegencyCenters.com
or
Devin Corini, 703-442-4324
Vice President, Investments
DevinCorini@RegencyCenters.co
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