Regency Centers, Brand Street JV Enters Providence Market with $46.7M ($293.54psf) acquisition of East Greenwich Square from Blackstone, EDENS JV

9/12/2024

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CPE

• Subcategory: Retail: Shopping

• Tag: Sale

• Additional Filters-Subcategory: Retail: Community Center

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

• Company: Blackstone Group (NYSE: BX), Regency Centers Corp (Nasdaq: REG), Jones Lang LaSalle (NYSE: JLL)

The joint venture between Regency Centers Corp. and Brand Street Properties has entered the Providence, R.I., market with the purchase of East Greenwich Square, a 158,709-square-foot grocery-anchored shopping center in East Greenwich, R.I.

EDENS sold the asset for $46.7 million and Hartford Investment Management Co. provided a $26 million acquisition loan, according to public records. JLL represented the seller and procured the buyer.