Regency Centers has acquired Brentwood Place Shopping Center in Nashville, TN, a 320,000-square-foot community center located in one of Nashville's premier submarkets. The property is currently 95% leased and features prominent anchors including Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods, and Golf Galaxy.
The shopping center, situated 7 miles south of Downtown Nashville, attracts over 4.3M annual visitors and is adjacent to the future 350,000-square-foot Vanderbilt Medical Campus. The acquisition includes more than 100,000 square feet of shops with a mix of national and regional tenants.
The company plans to enhance the property's value through lease-up and remerchandising strategies, focusing on active asset management to strengthen its position in high-growth retail corridors.
Positive
Negative
Insights
Regency Centers' acquisition of Brentwood Place Shopping Center represents a strategic portfolio expansion that strengthens the REIT's position in the high-growth Nashville market. At 320,000 square feet with a 95% occupancy rate, this property immediately contributes stable cash flow while offering upside through the identified lease-up and remerchandising opportunities.
The tenant roster featuring Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods, and Golf Galaxy provides a resilient anchor base that generates consistent foot traffic (4.3 million annual visitors) and supports smaller tenants. The property's location adjacent to the planned 350,000-square-foot Vanderbilt Medical Campus development creates a significant potential catalyst for increased foot traffic and tenant demand.
This acquisition aligns with Regency's core strategy of owning high-quality, grocery-anchored neighborhood and community shopping centers in affluent suburbs with strong demographics. While financial terms weren't disclosed, the deal likely contributes incrementally to Regency's $12.8 billion market cap and should enhance the company's operating metrics given the center's high occupancy.
The transaction demonstrates management's continued execution on their stated growth strategy of expanding in desirable submarkets while maintaining portfolio quality. For a REIT of Regency's size, the ability to identify and secure properties with both stable income and enhancement potential is important for delivering shareholder value.
NASHVILLE, Tenn., March 17, 2025 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers” or the “Company”), a leading national owner, operator, and developer of open-air shopping centers, has announced the acquisition of Brentwood Place Shopping Center, a community center and premier retail destination in Brentwood, TN, one of Nashville’s most attractive submarkets.
Brentwood Place spans approximately 320,000 square feet, including more than 100,000 square feet of shops and top-tier anchors including Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods, and Golf Galaxy. The center is 95% leased, with strong national and regional tenancy and significant value-add opportunities through lease-up and remerchandising strategies.
“This acquisition aligns with our strategic vision of investing in high-quality retail centers in thriving suburban trade areas with strong demographics,” said Andre Koleszar, Managing Director of the Southeast at Regency Centers. “Brentwood Place serves a powerful and growing community, and we look forward to further enhancing its appeal and long-term value.”
Strategic Acquisition Highlights:
Brentwood Place currently draws over 4.3M annual visitors due to its strategic placement and offerings and is adjacent to the future 350,000-square-foot Vanderbilt Medical Campus, further solidifying its role as a key retail and service destination.
This acquisition expands Regency Centers’ footprint in the Nashville market, reinforcing the Company’s commitment to investing in high-growth retail corridors. The Company remains focused on curating retail environments that connect communities and elevate the shopping experience.
About Regency Centers
Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com.
Eric Davidson 904 598 7829 [email protected]
This press release was published by a CLEAR® Verified individual.