FAIRFIELD, CONN. — Regency Centers Corp. has closed on a $150 million, three-property acquisition in Fairfield. As previously reported in December, the company has acquired an 80 percent majority stake in a portfolio of centers — Black Rock Shopping Center, Brick Walk, and Fairfield Center — as a part of a joint venture with local real estate developer Kleban Properties. Together, the three centers feature 315,000 square feet of mixed-use space, with the retail portion representing 73.5 percent of portfolio revenues. The largest center, Brick Walk, boasts 121,000 square feet of retail, office and residential space. The 92,000-square-foot Fairfield Center is located one block from the Metro North rail station on the New Haven line into New York City. The third property, Black Rock Shopping Center, includes 98,000 square foot of retail space and is anchored by Old Navy, GAP, Massage Envy, and Carter’s stores. All properties are currently fully leased.
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