The owners of Regency Square Mall — Namdar Realty Group and Mason Asset Management — announced Monday they are selling the shopping center they bought in 2014, the Jacksonville Daily Record reported.
Lane on I-95 in St. Johns County temporarily shut down following police chase; suspect capturedThe entrance to Regency Square Mall at 9501 Arlington Expressway, at Arlington Expressway and Atlantic Boulevard. Regency Realty LLC, a partnership of Mason Asset Management and Namdar Realty Group LLC, both based in Great Neck, New York, paid $13 million for the bulk of the 1.4 million-square-foot mall Feb. 14, 2014.
Regency Realty LLC, a partnership of Mason Asset Management and Namdar Realty Group LLC, both based in Great Neck, New York, paid $13 million for the bulk of the 1.4 million-square-foot mall on Feb. 14, 2014. The Regency Square Mall has anchored the Arlington area for more than half a century. Regency Square opened in 1967 as the area’s first major regional shopping area outside of downtown and in Arlington.
The center doubled in size in 1981-82 and added more space in the early 1990s. However, the mall’s retail occupancy dwindled to about 38 percent by the end of 2013 in the wake of changing demographics, at least three newer shopping centers built in Southside and north Jacksonville and several recessions.
In its later years, the Regency Square Mall has been known for its structural deterioration and has become a less popular place to visit.Copyright 2023 by Jacksonville Daily Record and News4Jax.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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