Regency Centers Completes Acquisition of University Commons

Regency Centers has acquired University Commons, a 218,000 SF shopping center anchored by H-E-B. Located at the northeast corner of I-35 and University Boulevard in Round Rock, Texas. The center is 94% leased and spans 33.3 acres. This acquisition increased Regency Centers' portfolio in the Austin metropolitan area by 1 million square feet, further solidifying its presence in this dynamic market.

This acquisition is part of Regency's ongoing expansion in the Texas market. Recent transactions in the state include acquisitions and ground-up developments of other high-performing retail centers in Austin, Houston, and Dallas, further enhancing the company's portfolio across major Texas markets. Regency Centers continues to invest in strategic properties, reinforcing its commitment to long-term ownership and high-quality developments in one of the nation's fastest-growing regions.

Opportunities to acquire dominant HEB centers in Austin are extremely rare," said Barry Argalas, Managing Director of Transactions. "University Commons aligns perfectly with our strategy of owning dominant centers with sustainable competitive advantages; both are key for long-term success and enhancing merchandising via our experienced Texas platform. Over the last several years, our Austin portfolio has consistently outperformed expectations, achieving an impressive 98% leased rate and underscoring the market's strong demand for high-quality retail experiences," said Patrick Krejs, Managing Director. "We are thrilled to add University Commons to our growing portfolio and look forward to building on this momentum as we actively pursue further development and acquisition opportunities in the Austin area. Our commitment to investing in this dynamic market remains steadfast, and we're excited to bring even more value to our stakeholders and the community.

For more information on Regency Centers' recent acquisitions and portfolio developments, contact [email protected].

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