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Regency to build shopping center at new Orange County community


Regency Centers announced it has closed on land that will house the central shopping center in Tustin Legacy, a master-planned community taking shape in Orange County, California. Development costs are expected to hit $40 million.

The 112,000-sq.-ft. Village at Tustin Legacy will be anchored by a Stater Bros. Market, and Regency reports that 80% of the remaining retail space is leased or committed. It will be the 11th property for Regency in Orange County, following on the recently completed Village at La Floresta in Brea.

“The Village at Tustin Legacy is going to be another great example of our commitment to build attractive neighborhood centers with unique tenant line-ups in affluent infill markets,” said John Mehigan, the developer’s senior VP and senior market officer.

The 1,600-acre Tustin Legacy community will also include a 130,000-sq.-ft. medical complex, 1.9 million sq.-ft. of office space, and more than 6,800 residential units.

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