News

Balboa Mesa Shopping Center, San Diego

BY CSA STAFF

Jacksonville, Fla.-based Regency Centers has acquired Balboa Mesa Shopping Center, a 189,321-sq.-ft. infill shopping center anchored by a 42,247-sq.-ft. Vons grocery store.

Regency purchased the San Diego property for $59.5 million from Balboa Realty LLC.

Built in 1969, Balboa Mesa Shopping Center is also anchored by a 77,000-sq.-ft. Kohl’s and a 24,000-sq.-ft. CVS/pharmacy.

“Balboa Mesa fits Regency’s standards for a dominant shopping center, including infill location, market-leading anchors and population density,” said Howard Overton, VP of transactions for Regency Centers.

According to Regency, the property, which is 95% leased, is ripe for redevelopment, which would increase square footage and improve NOI.


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REAL ESTATE

CBL names CFO, promotes Reinsmidt

BY CSA STAFF

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Foy will remain in the near term as executive vice chairman to provide continuity through the transition.

In addition, the CBL board announced that Katie Reinsmidt has been promoted to the new position of senior VP – investor relations and corporate investments.

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Burberry, Tag Heuer to open at Westfield Valley Fair

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Current tenants at Westfield Valley Fair include Cartier, Tory Burch, CH Premier, Michael Kors, Nordstrom, Macy’s, Macy’s Men’s and Home, Williams-Sonoma and Pottery Barn.

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