Acquisition of The Shops at Southlake

Deal value: $43,000,000

Regency Centers acquired The Shops at Southlake, a 120,000 sq ft lifestyle center in Southlake, TX, featuring Whole Foods Market and local restaurants.

The acquisition of The Shops at Southlake by Regency Centers is driven by a strategic focus on high-quality, grocery-anchored retail centers in affluent, supply-constrained suburban markets. The presence of Whole Foods Market and strong local restaurant tenants aligns with Regency's belief in the resilience and growth of necessity-based retail, especially in communities with robust demographics. The timing reflects a broader industry trend of consolidating best-in-class assets to drive stable income and long-term value amid evolving consumer preferences and limited new retail supply.