Regency Centers to acquire interest in Fairfield portfolio

Regency Centers Corp. has agreed to acquire an 80% interest in a portfolio of properties currently controlled by Kleban Properties of Fairfield.

The portfolio consists of three properties known as Fairfield Center, The Brick Walk and Black Rock Shopping Center, totaling approximately 315,000 square feet and each located in highly affluent and densely populated areas within Fairfield.

The properties feature a variety of national and regional retailers such as Banana Republic, The Gap, Old Navy, Victoria’s Secret and Fidelity, as well as some of Fairfield’s top dining and entertaining establishments.

Additional transaction details will be announced upon closing, which remains subject to customary conditions, as well as loan assumption consent.

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