Regency Centers Corp Acquires Brentwood Place Shopping Center From Sarofim Realty Advisors For $118.5M

The property asset involved in this transaction is the Brentwood Place Shopping Center located at 330 Franklin Road in Brentwood, TN. The retail center was acquired for $118,500,000 and encompasses a total area of 320,000 square feet, translating to a price per square foot of $370. At the time of sale, the shopping center was 95% leased.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $118,500,000
• Address: 330 Franklin Road
• Market: Brentwood, TN
• Square Footage: 320,000
• Price Per Square Foot: $370
• Buyer: Regency Centers Corp.
• Seller: Sarofim Realty Advisors

Regency Centers Corp. has enhanced its presence in the Nashville market through this acquisition. The shopping center features notable anchor tenants such as Nordstrom Rack and Total Wine, contributing to its strong leasing status at the time of the sale.