Regency Properties, a commercial real estate company specializing in county seat communities, has sold its property in Henderson, Kentucky after coordinating the development of a new restaurant on the land. The 2.41-acre outparcel, located on U.S. Highway 41 directly beside Showplace Cinemas and Audubon Village shopping center, will feature a new Wings, Etc.
Earlier this year, Regency completed a build-to-suit agreement with a local franchise owner to bring the new restaurant to Henderson. After completing the lease, Regency sold the development to a strategic vendor.
Wings, Etc., is a full-service restaurant and pub serving award-winning chicken, ribs and burgers. Since 1994, the company has expanded to over 40 locally-owned-and-operated locations in seven states.
“This is a great win for everyone. Henderson will be getting a great new restaurant. Regency will be able to refocus the proceeds from the sale to other multi-tenant shopping centers in county seat communities,” remarked Jim Wittman, vice president of development and leasing.