Bohler Helps Regency Centers Expand Northeast Portfolio

12 March, 2024

Regency Centers, one of the country’s largest retail real estate investment trusts, recently told the New York Business Journal that it believes the shopping center sector is favorable due to continued tenant demand in suburban markets. As a result, the company is investing in the Northeast.

Regency’s Northeast portfolio expansion is centered on transforming underutilized or aged assets into dynamic, modern venues that satisfy the needs of today’s retail real estate market. The Regency team is continually responding to market changes driven by consumer behavior and tailoring the merchant mix to the locality.

see related: Converting parking lots to profit 

At Glenwood Green, near Old Bridge, New Jersey, Rendina Healthcare’s on-site ambulatory care meets the demand of consumers for easy access to medical services. The 353,000-square-foot shopping center development is anchored by Target and ShopRite, and is expected to open in April 2024.

Glenwood Green and other grocery-anchored shopping centers in the Regency’s Northeast portfolio have piqued the interest of medical service providers and healthcare systems due to their more efficient and cost-effective footprint, brand exposure, a merchant mix that attracts a high volume of foot traffic, and proximity to consumers.

See related: outside the big box tips for filling empty retail space

Bohler’s Warren, New Jersey, team is providing due diligence, site civil engineering design, permitting, and construction phase services for the shopping center. As a result of COVID, Bohler helped Regency pivot from its initial design, which featured a movie theater, to all retail and the Rendina Healthcare medical office. Bohler’s planning, landscape architecture, and design team prepared the landscaping and lighting designs for the center.

Rendering provided by Regency Centers

Rendering provided by Regency Centers.

Learn more about Regency’s Northeast expansion in the New York Business Journal.

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