Regency Mall Purchased By NY Investors

Regency Mall, which General Growth paid $71.8M for in 1991 and dumped millions upon millions into for renovations since then, has traded at a price of $13M to some New York investors, Namdar Realty Group and Mason Asset Management.  The sale includes JCPenney, Belk (moving to a new store a few miles away) and the shops; it does not include the Sears, Dillards or their parking lot pads.  The mall is about 37% occupied today.  Roger Bull of The Florida Times-Union has the story.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on February 21, 2014, in Shopping Centers/Retailers, Transactions and tagged , , , , . Bookmark the permalink. Leave a comment.

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