Home Industry News Regency Centers Buys Klahanie Shopping Center in Seattle for $36MM

Regency Centers Buys Klahanie Shopping Center in Seattle for $36MM

SAMMAMISH, Wash.–Regency Centers Corporation (“Regency”), a national owner, operator, and developer of grocery-anchored shopping centers, has announced the acquisition of Klahanie Shopping Center, which was acquired on a wholly owned basis for a gross purchase price of $36 million. Anchored by a 40,000 square foot retailer-owned Quality Food Centers (“QFC” – a Kroger banner), the center includes an additional 67,000 square feet of space leased to a compelling mix of national and regional retailers.

“Klahanie Shopping Center is a terrific asset that we are very excited about,” said Craig Ramey, Managing Director for Regency Centers. “Its proximity to an affluent master planned community and diverse tenant mix make it the perfect complement to our growing Seattle portfolio of highly productive urban and suburban grocery-anchored and mixed-use properties.”

With this acquisition, Regency now owns 11 properties in the Puget Sound area, including Grand Ridge Plaza in Issaquah, Sammamish Highlands, Broadway Market and Pine Lake Village.

For property inquiries, please contact Craig Ramey at 503-603-4700, or at craigramey@regencycenters.com.

About Regency Centers Corporation
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 314 retail properties encompasses more than 40-million square feet located in top markets throughout the United States, including co-investment partnerships. Regency has developed 222 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.