Regency Centers Acquires University Commons in Boca Raton for $80.5 Million

Boca Raton, Fla. — Regency Centers Corp. has acquired University Commons, a 180,323-square-foot grocery-anchored shopping center located in Boca Raton, for $80.5 million.

University Commons is fully occupied by tenants including Whole Foods Market, Nordstrom Rack, Barnes & Noble, Bed Bath & Beyond, P.F. Chang’s China Bistro, J. Alexander’s, Mario’s Osteria and Shake Shack. Daniel Finkle, Luis Castillo and Nat Scarmazzi of HFF worked on behalf of the seller, an entity controlled by Boca Raton-based Schmier & Feurring Properties, in the transaction. The center was developed in 2001, and consists of one primary building with four outparcel buildings and 1,156 parking spaces.