Regency buys University Commons in Boca for $80.5M

Tenants include Whole Foods, Nordstrom Rack, Barnes & Noble and Bed Bath & Beyond

TRD MIAMI /
Sep.September 09, 2015 03:00 PM

University Commons in Boca Raton

University Commons, an open-air shopping center in Boca Raton, has traded hands for $80.5 million, The Real Deal has learned.

Regency Centers closed on the purchase of the 180,323-square-foot center at 1400 Glades Road on Sept. 1, a spokesman for the Jacksonville-based company told TRD.

Holliday Fenoglio Fowler, L.P. marketed the property on behalf of the seller, an entity controlled by Boca Raton-based Schmier & Feurring Properties.

Developed in 2001 by Schmier & Feurring Properties, University Commons includes one primary building with four outparcel buildings and 1,156 parking spaces.  

The 22.4-acre center is 100 percent leased to Whole Foods Market, Nordstrom Rack, Barnes & Noble, Bed Bath & Beyond, PF Chang’s, J. Alexander’s, Mario’s Osteria, and Shake Shack.

The HFF team representing the seller was led by senior managing director Daniel Finkle, managing director Luis Castillo and associate director Nat Scarmazzi, according to a release.

“University Commons is one of the premier retail centers in the country,” Finkle said in a statement.  “Its combination of location, tenancy and design are impeccable and highlighted by the tenant’s outstanding sales performance.”

Regency Centers owns, operates and develops dominant, grocery-anchored retail centers. The company currently owns 321 shopping centers in most major U.S. markets.

In South Florida, Regency owns nine shopping centers in addition to University Commons, including [email protected] in Kendall Lakes, Fountain Square in Miami, Aventura Shopping Center in Aventura, Welleby Plaza in Sunrise and Caligo Crossing in Coconut Creek.

 

Related Article

arrow_forward_ios
Michael and Michelle Hagerty, and their home in Royal Palm Yacht & Country Club (Credit: Keeping the Promise, Realtor)

Vodka heir pays $6M straight up for Boca Raton estate

Alexandra Lalos and Max Comess

Hodges Ward Elliott to open Miami office with former HFF brokers

James Batmasian and Trail Plaza in Deerfield Beach (Credit: Google Maps)

James Batmasian nabs retail center in Deerfield Beach for $17M

300 East Key Palm Road

Transportation execs pay $12M for waterfront Boca Raton estate

James Batmasian and 22973-23071 State Road 7

James Batmasian buys Publix-anchored Boca Raton shopping center

Stephen Ross steps down from NFL committee post-fundraiser backlash, drama at Regalia: Daily digest

Feds want to seize Miami real estate tied to $5M gambling scheme, Elliman’s Q2 revenue jumps: Daily digest

Richard Branson (Credit: Getty Images and iStock)

Here’s where Virgin Trains is proposing a mixed-use station in Boca Raton

arrow_forward_ios