Blackford Development acquired Queensgate Shopping Center in York, Pa., from A&B Realty for $19.7 million. Blackford plans to redevelop the 300,000-square-foot property and add national and local retailers.
Regency Centers Corporation, a shopping center REIT based in Jacksonville, Fla., announced a plan to incorporate more green elements into its developments. "We've taken a global look at Regency's practices and have established higher environmental standards," said Regency CEO and Chairman Martin Stein. The move comes after a yearlong task force study.
ARC Properties has sold a $212-million portfolio of 26 retail properties to an undisclosed investor. ARC plans to focus on new acquisitions and developments in New Jersey and other markets in the New York-to-Washington corridor.