Kleban Properties to partner with Regency Centers in Fairfield

Fairfield-klebanregency

This is one of the Fairfield properties owned by Kleban Properties, which will partner with Florida-based Regency Centers Corp.

Kleban Properties announced that it has agreed to establish a partnership with Regency Centers Corp. of Jacksonville, Fla.

Regency, a real estate investment trust and national owner of high-quality retail properties with total market capitalization of $6.7 billion as of Sept. 30, will partner with Kleban in some of its existing properties in Fairfield. The proposed Regency-Kleban partnership will focus on the continued improvement and expansion of Fairfield properties. Transaction details will be announced at a later date.

“Kleban Properties is elated with the potential this partnership brings as it continues to expand opportunities in Fairfield and other dynamic locations.  Having a partner with such great credentials is a reward for many years of diligence and creative development,” said Al Kleban, founder of Kleban Properties. “It is also recognition of the dynamic opportunities the town of Fairfield presents.”

The HFF investment sales team representing Kleban Properties was led by Rob Rizzi from HFF’s New York City office.

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