Regency Properties Acquires Second Center in VirginiaRegency Properties Acquires Second Center in VirginiaRegency Properties Acquires Second Center in VirginiaRegency Properties Acquires Second Center in Virginia
  • ABOUT
    • Executive Management
    • Board of Managers
    • Our Team
    • Careers
    • News
  • ACQUISITIONS
  • TENANTS
    • Tenant Portal
    • Maintenance Request
  • PROPERTIES
  • CONTACT US
  • Careers
  • Tenant Portal
  • Employee Portal
New hire header.
Regency Properties Hires Amanda Bratcher
May 26, 2014
Announcement header.
Ross Dress for Less to Open at Village Commons
September 22, 2014

Regency Properties Acquires Second Center in Virginia

July 28, 2014
Acquisitions header.

Regency Properties, a commercial real estate company specializing in county seat communities, has acquired its second retail shopping center in Virginia with the addition of Smyth Valley Crossing. Located on South Main Street in Marion, the 160,000 square foot center is anchored by Ingles grocery store and Wal-Mart. Smyth Valley Crossing joins Twin County Plaza, located in Galax, as the second center in the state of Virginia that Regency has acquired in the past two years.

Smyth Valley Crossing is located along the I-81 corridor in the major retail district for the city of Marion and is the dominant shopping center for Smyth County. Marion features appealing characteristics such as a vibrant local economy, a low cost of living and interstate access. These features made Marion an excellent fit for Regency’s acquisition criteria and focus on small to medium sized county seat communities.

Regency is committed to working closely with tenants to strengthen its properties through upgrades and attracting additional retail opportunities. The company won the National Commercial Real Estate Customer Service Award for Excellence an unprecedented two out of the past three years. The top award is determined each year by industry analyst CEL & Associates based on satisfaction surveys of thousands of tenants of management companies across the United States.

“We are excited to expand our presence in Virginia,” remarked Regency CEO Kevin Hammett, “But above all, we are excited to begin working with our tenants in Marion. Regency brings a proven track record of tenant satisfaction to county seat communities.”

Since 2011, Regency has acquired between two and three properties each year in county seat communities, including the 2012 acquisition of Twin County Plaza, located in Galax, Va. Smyth Valley Crossing is the second Regency acquisition in 2014, joining Lumberton Towne Centre, located in Lumberton, N.C.

Share

Related posts

Acquisitions Blog Header Image
December 18, 2019

Regency Properties continues to grow in Northern Indiana


Read more
Acquisitions header.
October 1, 2018

Regency Properties Moves into Tennessee


Read more
Acquisitions header.
September 28, 2018

Regency Properties Acquires Three Retail Shopping Centers in West Virginia


Read more

Recent Posts

  • Small Town Retail Thrives during Pandemic

  • Regency Properties Promotes Two Executive Members

  • Regency Properties Promotes Ten Employees

  • Regency Properties Announces Addition of Lisa Parsons

  • Regency Properties Welcomes Jason Grimes

  • Regency hires Acquisitions Analyst

  • Regency Properties Wins 7th Consecutive Customer Service Award

  • Twin County Plaza Announces Two New Anchor Tenants

  • Regency Announces Three Employee Promotions

  • Regency Welcomes Sarah Tabor

ABOUT

  • About Regency
  • Executive Management
  • Board of Managers
  • Our Team
  • Careers
  • News

PROPERTIES

  • All Properties
  • Acquistions

TENANTS

  • Tenant Info
  • Tenant Portal
  • Maintenance Request

EMPLOYEES

  • Employee Portal

CONTACT

  • Contact
  • HTML Sitemap
  • Privacy Policy
  • Terms of Use
Copyright © 2021 Regency Properties