Excerpted from Jacksonville Business Journal story.
An unnamed Jacksonville buyer has purchased Regency Point, a 51,381-square-foot retail center in Arlington, for $8.3 million, according to a release from Franklin Street, which brokered the sale.
The center at 9430 Arlington Expressway was built in 1981 and neighbors Regency Square Mall. Tenants include Skechers, Foot Locker, Champs Sports, Wingstop and T-Mobile. Franklin Street represented the seller, Arizona-based Sand Capital.
“Our client was able to upgrade the façade, parking lot and property lighting, which attracted a national tenant lineup to the center,” said John Tennant, senior director for Franklin Street’s Atlanta office.