191,301-SQUARE-FOOT SHOPPING CENTER CHANGES HANDS

CHARLOTTE, N.C. —A joint venture led by Regency Centers has acquired Providence Commons in Charlotte from a private party for an undisclosed price. The property consists of a 191,301-square-foot retail center located at the intersection of Providence Road and Ballantyne Commons Parkway. Major tenants include a 120,487-square-foot Lowe's Home Improvement Warehouse, a 50,240-square-foot Harris Teeter and an 8,640-square-foot Rite-Aid. The property was constructed in 1995. The purchase marks Regency's third shopping center in the market; it also owns Carmel Commons and Cochran Commons.