{"id":1004032679,"date":"2011-09-29T05:32:52","date_gmt":"2011-09-29T13:32:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004032679"},"modified":"2022-12-03T18:42:54","modified_gmt":"2022-12-04T02:42:54","slug":"regency-buys-austins-187-ksf-tech-ridge-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/regency-buys-austins-187-ksf-tech-ridge-center\/","title":{"rendered":"Regency Nabs Austin&#8217;s 187 KSF Tech Ridge Center"},"content":{"rendered":"<p><strong>September 29, 2011<\/strong><br \/>\n<em>By Nicholas Ziegler, News Editor<\/em><br \/>\n<a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/09\/092911-Regency-Centers-Tech-Ridge-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004032680\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/regency-buys-austins-187-ksf-tech-ridge-center\/092911-regency-centers-tech-ridge-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/09\/092911-Regency-Centers-Tech-Ridge-Center.jpg\" data-orig-size=\"650,420\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1300570406&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"092911 &#8211; Regency Centers Tech Ridge Center\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/09\/092911-Regency-Centers-Tech-Ridge-Center.jpg?w=650\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/09\/092911-Regency-Centers-Tech-Ridge-Center.jpg\" alt=\"\" title=\"092911 - Regency Centers Tech Ridge Center\" width=\"300\" height=\"193\" class=\"alignright size-medium wp-image-1004032680\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/09\/092911-Regency-Centers-Tech-Ridge-Center.jpg 650w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/09\/092911-Regency-Centers-Tech-Ridge-Center.jpg?resize=300,194 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Investors are starting to feel good about shopping centers again. Hot on the heels of <a href=\"https:\/\/www.commercialsearch.com\/news\/property-types\/retail\/saul-takes-three-grocery-anchored-shopping-centers-for-168-5m\/\">Saul Centers Inc. purchasing three grocery-anchored spaces in the Washington, D.C., area for $168.5 million<\/a> and <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/mid-atlantic\/ddr-spends-85m-for-2-charlotte-retail-centers\/\">DDR Corp. spending $85 million for two centers in the Charlotte area <\/a>\u2013 both deals completed in the last week \u2013 Regency Centers has announced that it closed on the acquisition of Tech Ridge Center, a 187,529-square-foot shopping center anchored by grocery chain H-E-B.<\/p>\n<p>While purchase prices were not disclosed, the deal likely follows similar financial terms to the other recent retail purchases nationwide. The 93-percent-occupied center is located 10 miles northeast of downtown Austin, Tex.<\/p>\n<p>\u201cTech Ridge  Center has the key attributes of a market-dominant anchor, infill location and population density that are consistent with Regency\u2019s portfolio,\u201d Stuart Brackenridge, vice president of transactions for Regency, said. \u201cThis acquisition underscores our active pursuit of top-tier grocery-anchored centers.\u201d<\/p>\n<p>Austin, like most of Texas, has seen strong employment numbers \u2013 a trend not mirrored by the rest of the country. According to a report by Marcus &amp; Millichap, employers in most of the city\u2019s sectors have expanded staff levels during the first six months of 2011, recouping all jobs lost during the recession, with the addition of 3,400 new jobs in the education and health-services sectors combined. Total employment is expected to increase by more than 23,000 in the calendar year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regency Centers has announced that it closed on the acquisition of Tech Ridge Center, a 187,529-square-foot, 93 percent-occupied shopping center anchored by grocery chain H-E-B.<\/p>\n","protected":false},"author":1201,"featured_media":1004032680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,21749],"tags":[],"class_list":["post-1004032679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Regency Nabs Austin&#039;s 187 KSF Tech Ridge Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/regency-buys-austins-187-ksf-tech-ridge-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regency Nabs Austin&#039;s 187 KSF Tech Ridge Center\" \/>\n<meta property=\"og:description\" content=\"Regency Centers has announced that it closed on the acquisition of Tech Ridge Center, a 187,529-square-foot, 93 percent-occupied shopping center anchored by grocery chain H-E-B.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/regency-buys-austins-187-ksf-tech-ridge-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-09-29T13:32:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T02:42:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/09\/092911-Regency-Centers-Tech-Ridge-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-buys-austins-187-ksf-tech-ridge-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-buys-austins-187-ksf-tech-ridge-center\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Regency Nabs Austin&#8217;s 187 KSF Tech Ridge Center\",\"datePublished\":\"2011-09-29T13:32:52+00:00\",\"dateModified\":\"2022-12-04T02:42:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-buys-austins-187-ksf-tech-ridge-center\\\/\"},\"wordCount\":238,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-buys-austins-187-ksf-tech-ridge-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/09\\\/092911-Regency-Centers-Tech-Ridge-Center.jpg\",\"articleSection\":[\"Featured\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-buys-austins-187-ksf-tech-ridge-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-buys-austins-187-ksf-tech-ridge-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-buys-austins-187-ksf-tech-ridge-center\\\/\",\"name\":\"Regency Nabs Austin's 187 KSF Tech Ridge Center - 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