Regency Centers Unveils New Safeway-Equipped Shopping Center

Regency Centers Announces New Shopping Center Development

Regency Centers has announced the commencement of a new shopping center development anchored by Safeway. This exciting project, named Oakley Shops at Laurel Fields, represents a significant step for Regency as it expands into new markets. The Oakley Shops will encompass approximately 79,000 square feet of retail space and is strategically located at the signalized intersection of Laurel Road and O’Hara Avenue. This location is poised to serve the local community, addressing the demand for high-quality retail and grocery destinations in the area.

Details About Oakley Shops Development

The upcoming Oakley Shops will feature Safeway occupying roughly 56,000 square feet. In addition to the grocery store, there will be 23,000 square feet dedicated to other retail, restaurant, and essential services. With the current interest in this prime retail location, various merchants are engaged in lease negotiations, indicating a promising tenant mix that will cater to the needs of shoppers and enhance the community's offerings.

Leadership Insights

John Mehigan, Senior Vice President of Investments at Regency Centers, expressed his optimism regarding the Oakley Shops project. He emphasized that this development is not only a demonstration of Regency’s ability to identify market opportunities but also showcases the strength of their partnerships with top-tier operators. Mehigan remarked, “Best-in-class operators know that we can make projects happen, and that our focus on long-term ownership will deliver a quality property in a prime location.”

Commitment to Excellence

Craig Ramey, Development Partner for Regency Centers, shared his perspective on the company's philosophy. He stated, “Regency has a unique ability to find opportunity and untapped value, regardless of headwinds or hurdles.” This commitment to excellence and strategic growth continues to enhance Regency's reputation within the real estate sector.

Regency Centers Overview

Regency Centers is recognized as a leading national owner, operator, and developer of shopping centers, focusing on suburban areas with robust demographics. The company’s portfolio consists of successful properties supported by highly productive grocers, restaurants, and best-in-class retailers. Regency operates as a fully integrated real estate company, standing out as a qualified real estate investment trust (REIT) that is self-administered and self-managed. Furthermore, the company is a proud member of the S&P 500 Index, reflecting its financial strength and stability.

Contact Information

For those interested in learning more about the Oakley Shops and potential leasing opportunities, inquiries can be directed to Michelle Rooney via email at MichelleRooney@regencycenters.com.

Frequently Asked Questions

What is the Oakley Shops development?

The Oakley Shops is a new shopping center anchored by Safeway, featuring approximately 79,000 square feet of retail space.

Where is the Oakley Shops located?

It is located at the intersection of Laurel Road and O’Hara Avenue.

Who can I contact for leasing opportunities at Oakley Shops?

For leasing opportunities, you can contact Michelle Rooney at MichelleRooney@regencycenters.com.

What companies are involved in the Oakley Shops project?

Regency Centers is leading the development with Safeway as the primary anchor tenant.

How does Regency Centers select new development locations?

Regency Centers evaluates market demand and seeks to fill gaps in high-quality retail and grocery options in suburban areas.

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