Regency Properties Acquires Center in Lumberton, N.C.

Regency Properties, a regional commercial real estate company specializing in county seat communities, has acquired Lumberton Towne Centre located on Fayetteville Road in Lumberton, N.C. The 122,000 square foot shopping center anchored by Lowes Food and Burkes Outlet is located in the major retail district for the city.

Lumberton is the seat of Robeson County, which is located in the 11-county region likely to be positively impacted by the expansion of Fort Bragg. The county has been the beneficiary a growing economy with the recent announcement of a new distribution facility and the expansion of an existing manufacturing business.

Lumberton Towne Centre is Regency’s first property acquisition in North Carolina, whose footprint now extends to ten states. Over the past 24 months, Regency has acquired five other retail centers located in county seat communities in the Southeast, including properties in the nearby states of Virginia, West Virginia and Kentucky.

“We are excited to expand our geographic footprint to Lumberton, North Carolina,” remarked Regency CEO Kevin Hammett, “Regency’s proven track record of tenant satisfaction and investment in county seat properties creates a great opportunity for the tenants of Towne Centre and for Regency in Lumberton.”

A prime example of Regency’s commitment to tenant satisfaction is reflected in the company’s National Commercial Real Estate Customer Service Award for Excellence, a designation won two out of the past three years. Recognized by industry analyst CEL & Associates, Regency remains the first and only retail-focused commercial real estate company in its peer group to earn CEL’s top award.