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NORTHBROOK, ILL. — Regency Centers has acquired Willow Festival, a 405,227-square-foot retail center located at 840 to 1090 Willow Road in Northbrook, for $64 million. Built in 2007, the property is occupied by Lowe's Home Improvement Warehouse, Whole Foods Market, Best Buy, HomeGoods, REI, DSW and CVS/pharmacy. The 96-percent leased center also offers 54,317 square feet of side shop space, including Starbucks Coffee, Potbelly, Fannie May, Lenscrafters and Sports Clips. The property was purchased in an off-market transaction from the center's developer, Hamilton Partners.