Florida firm buys Speedway Plaza
Speedway Plaza, a 185,280 square-foot shopping center in Westboro, has been purchased by Jacksonville, FL-based Regency Centers for an undisclosed sum, the Commercial Property News reports.
The seller of the property was Westborough Commercial Associates L.P. The property, which contains a Stop & Shop and a BJ's Wholesale Club, is currently being remodeled. Regency Centers has targeted the New England market, says Mac Chandler, senior vice president of investments at Regency Partners. The firm bought the Twin City Plaza in Cambridge earlier this year, and expects to begin construction on a new site in Saugus next spring.
For the past five years, Regency Centers has averaged about $400 million a year in new development, according to Barry Argalas, Regency Centers' vice president for national acquisitions and dispositions.
WBJ Web Partners
Most Recent
Most Recent
0 Comments