05/23/2022 | News release | Distributed by Public on 05/23/2022 05:21
Regency Centers recently announced the acquisition of Baederwood Shopping Center in Jenkintown, PA. Baederwood is a dominant and highly trafficked 116,000-square foot shopping center in the greater Philadelphia metro area. It benefits from a prime position in a high-barrier market, and an established connection to the surrounding communities. This transaction is an 80% interest acquisition by Regency, and also marks the second joint venture partnership between Regency Centers and Charter Realty & Development Corporation. Charter will continue to operate the asset with the partnership of Regency.
Anchored by a 41,000-square foot Whole Foods Market and a 17,000-square foot Planet Fitness, it is currently 97% leased and home to a strong merchandising mix of health, wellness, and necessity-driven operators. It also includes some of the best regional and national brands with regard to dining, apparel, and lifestyle.
Learn more about the Regency portfolio at RegencyCenters.com.