Regency Properties Acquires Oak Station Shopping Center

Regency Properties has acquired its second property in Florida with the purchase of Oak Station Shopping Center in Marianna. The Evansville-based real estate company recently completed the acquisition of the 170,000-square-foot shopping center anchored by Bealls Outlet, Big Lots, Fred’s and Save-A-Lot. In addition to the anchor tenants, the center includes a popular local restaurant called The Oaks Restaurant.

“We are excited to expand our footprint in Florida with the purchase of the Oak Station shopping center,” said Kevin Hammett, Regency president and CEO. “Marianna joins Havana as the second community in the Florida Panhandle with properties owned and managed by Regency.”

“Marianna is a perfect fit for Regency’s commitment to desirable County Seat communities,” commented Jeff Howell, vice president of acquisitions and business management. “The location just off I-10 and the high-draw tenant roster make it a great fit for our portfolio.”

Founded in 1949, Regency Properties specializes in acquiring, upgrading and managing shopping centers in small and mid-sized communities throughout the Midwest and Southeast. Regency owns nearly 2.5 million square feet of shopping center and office space, with holdings in nine states. Oak Station is the second shopping center acquired by Regency Properties in 2013.

Regency prides itself on its commitment to tenant satisfaction with continual upgrades and improvements to its quality properties. Recognized by independent industry analyst CEL & Associates, Regency was the first retail focused commercial real estate company in its peer group to earn CEL’s top award for National Commercial Real Estate Customer Service Award for Excellence in 2011.