M&A Deal Summary

Regency Centers and Kleban Properties Acquire A Portfolio Of Properties In Fairfield

On March 12, 2014, Regency Centers and Kleban Properties acquired real estate company A Portfolio Of Properties In Fairfield

Acquisition Highlights
  • This is Regency Centers’ 6th and Kleban Properties’ 1st transaction in the Real Estate sector.
  • This is Regency Centers’ 6th and Kleban Properties’ 1st transaction in the United States.
  • This is Regency Centers’ 1st and Kleban Properties’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2014-03-12
Target A Portfolio Of Properties In Fairfield
Sector Real Estate
Buyer(s) Regency Centers
Kleban Properties
Deal Type Joint Venture

Target

A Portfolio Of Properties In Fairfield

Fairfield, Connecticut, United States
A Portfolio Of Properties In Fairfield are Black Rock Shopping Center, Brick Walk, and Fairfield Center.Together, the three centers offer a cumulative 315,000 square feet of mixed-use space, with the retail components.

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Buyer(S) 2

Buyer

Regency Centers

Jacksonville, Florida, United States

website

Category Company
Sector Real Estate
Employees431
Revenue 1.2B USD (2022)
DESCRIPTION

Regency Centers is the preeminent national owner, operator and developer of high-quality, grocery-anchored neighborhood and community shopping centers. The Company’s portfolio of 332 retail properties encompasses over 43.9 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency Centers is based in Jacksonville, Florida.

DEAL STATS #
Overall 6 of 12
Sector (Real Estate) 6 of 12
Type (Joint Venture) 1 of 1
State (Connecticut) 1 of 2
Country (United States) 6 of 12
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Shops at Mira Vista

Austin,, Texas, United States

The Shops at Mira Vista is a 68,340 square foot neighborhood shopping center.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-10 AmREIT

Houston, Texas, United States

AmREIT, Inc. is a real estate investment trust that specializes in the acquisition, operation, redevelopment, and vertical densification of retail and mixed-use properties located in highly affluent, urban submarkets.

Buy $430M
Buyer

Kleban Properties

Fairfield County, Connecticut, United States

website

Category Company
Founded 2006
Sector Real Estate
DESCRIPTION

Kleban Properties is a Connecticut-based real estate development company with holdings throughout the US East Coast including Vermont, South Carolina, Alabama, Louisiana and Florida. Kleban owns and manages its own portfolio including more than 10 Centers in Fairfield, CT, where its commitment to continued growth is strongest.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Joint Venture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-07 Wilton Campus Shops

Fairfield County, Connecticut, United States

The shopping center is 98 percent occupied and is anchored by a 47,000-square-foot Stop & Shop, the dominant supermarket serving the community. The grocer is flanked on both sides by a diverse mix of more than 20 specialty shops and several restaurants.

Sell $40M
Mergr

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