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Regency Centers purchases Rockridge Center for $20.5 million
Jacksonville, Fla. -- Regency Centers said Monday it has acquired Rockridge Center, a 125,213-sq.-ft. grocery-anchored neighborhood center in Plymouth, Minn.
The property was purchased in an off-market transaction for $20.5 million from private real estate development company Hempel Properties.
This is the second grocery-anchored shopping center acquisition by Regency within 45 days.
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Plugging in to outlet centers
New York City -- In his most recent column “Retail Rap with Jeff Green,” Chain Store Age columnist Green challenges the advent of outlet centers, questioning whether there are enough viable outlet center markets to support the growing number of developers who are plugging into the shopping center format.
Click here to read Green’s column.