{"id":1004035907,"date":"2012-01-20T06:57:33","date_gmt":"2012-01-20T14:57:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035907"},"modified":"2022-12-05T09:00:06","modified_gmt":"2022-12-05T17:00:06","slug":"regency-tests-n-y-waters-with-73m-long-island-retail-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/","title":{"rendered":"Regency Tests N.Y. Waters with $73M Long Island Retail Buy"},"content":{"rendered":"

January 20, 2012<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n\"\"<\/a><\/p>\n

Regency Centers has just made its first foray into New York with a $72.5 million purchase of Lake Grove Commons with its co-investment partner, First Washington Realty Inc. The property, located on Long Island, is a Class A retail center anchored by the county\u2019s only Whole Foods. The property was purchased from Blumenfeld Development Group.<\/p>\n

Scott Porter, senior manager of acquisitions for Regency, called the location \u201ca strong foundation\u201d for his firm\u2019s entry into one of the top retail markets in the nation. \u201cWith an infill location, market-dominant anchors and affluent consumer base, Lake Grove Commons complements Regency’s premier portfolio and will allow us to pursue assets with similar qualities in the Greater New York area,\u201d he said.<\/p>\n

Retail, specifically grocery-anchored retail, continues to be on investors\u2019 radar.\u00a0\u201cAs investors continue to seek out reliable investments, cap rates will continue to fall only for core properties, particularly urban retail, fortress malls and top-ranked grocery-anchored strip centers,\u201d Margaret Caldwell,\u00a0a managing director for Jones Lang LaSalle\u2019s retail group, said in a 2011 year-end report. \u201cAverage cap rates for strip centers have hovered around 8 percent this year, while strips with grocery stores have been much lower, dropping 50 basis points over the last nine months or so.\u201d<\/p>\n

In September of last year, Regency purchased the 187,529-square-foot, H-E-B-anchored Tech Ridge Center in Austin<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Regency Centers has just made its first foray into New York with a $72.5 million purchase of Lake Grove Commons with its co-investment partner, First Washington Realty Inc. <\/p>\n","protected":false},"author":1201,"featured_media":1004038581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,10,21749],"tags":[],"class_list":["post-1004035907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-northeast","category-retail"],"acf":[],"yoast_head":"\nRegency Tests N.Y. Waters with $73M Long Island Retail Buy - 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-tests-n-y-waters-with-73m-long-island-retail-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regency Tests N.Y. Waters with $73M Long Island Retail Buy\" \/>\n<meta property=\"og:description\" content=\"Regency Centers has just made its first foray into New York with a $72.5 million purchase of Lake Grove Commons with its co-investment partner, First Washington Realty Inc.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/\" \/>\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=\"2012-01-20T14:57:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T17:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"215\" \/>\n\t<meta property=\"og:image:height\" content=\"276\" \/>\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-tests-n-y-waters-with-73m-long-island-retail-buy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Regency Tests N.Y. Waters with $73M Long Island Retail Buy\",\"datePublished\":\"2012-01-20T14:57:33+00:00\",\"dateModified\":\"2022-12-05T17:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/\"},\"wordCount\":238,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg\",\"articleSection\":[\"News\",\"Northeast\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/\",\"name\":\"Regency Tests N.Y. Waters with $73M Long Island Retail Buy - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg\",\"datePublished\":\"2012-01-20T14:57:33+00:00\",\"dateModified\":\"2022-12-05T17:00:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg\",\"width\":\"215\",\"height\":\"276\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regency Tests N.Y. Waters with $73M Long Island Retail Buy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\",\"name\":\"Nicholas Ziegler\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"caption\":\"Nicholas Ziegler\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/nicholasziegler\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Regency Tests N.Y. Waters with $73M Long Island Retail Buy - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/","og_locale":"en_US","og_type":"article","og_title":"Regency Tests N.Y. Waters with $73M Long Island Retail Buy","og_description":"Regency Centers has just made its first foray into New York with a $72.5 million purchase of Lake Grove Commons with its co-investment partner, First Washington Realty Inc.","og_url":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-01-20T14:57:33+00:00","article_modified_time":"2022-12-05T17:00:06+00:00","og_image":[{"width":215,"height":276,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg","type":"image\/jpeg"}],"author":"Nicholas Ziegler","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/"},"author":{"name":"Nicholas Ziegler","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c"},"headline":"Regency Tests N.Y. Waters with $73M Long Island Retail Buy","datePublished":"2012-01-20T14:57:33+00:00","dateModified":"2022-12-05T17:00:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/"},"wordCount":238,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg","articleSection":["News","Northeast","Retail"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/","url":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/","name":"Regency Tests N.Y. Waters with $73M Long Island Retail Buy - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg","datePublished":"2012-01-20T14:57:33+00:00","dateModified":"2022-12-05T17:00:06+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg","width":"215","height":"276"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/regency-tests-n-y-waters-with-73m-long-island-retail-buy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Regency Tests N.Y. Waters with $73M Long Island Retail Buy"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c","name":"Nicholas Ziegler","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","caption":"Nicholas Ziegler"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/nicholasziegler\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/012012-Whole-Foods-Regency-Mall-Long-Island.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004035907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1201"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004035907"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004035907\/revisions"}],"predecessor-version":[{"id":1004618773,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004035907\/revisions\/1004618773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004038581"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004035907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004035907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004035907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}