Regency Square

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Regency Square
Location Richmond, Virginia, USA
Address 1420 Parham Road
Opening date 1975
Developer Taubman Centers
Management Jones Lang LaSalle
Owner Lenders
No. of stores and services 100+
No. of anchor tenants 4
Total retail floor area 820,000 square feet (76,180.5 m2)[1]
Parking Covered and lit parking decks
No. of floors 2
Website www.shopregencysqmall.com/

Regency Square is an enclosed shopping mall in Richmond, Virginia, USA. Opened in 1975, the mall features more than 100 tenants, including four anchor stores JCPenney, Sears, and two locations of Macy's as well as a food court. The mall is currently owned by a mortgage lender and managed by Jones Lang LaSalle. It was owned and managed by Taubman Centers until 2012.

History[edit]

Regency Square opened in 1975. At the time, its anchor stores comprised JCPenney, Sears, Miller & Rhoads and Thalhimer's. Besides the addition of a food court in 1987, the mall remained largely unchanged.[2] After Miller & Rhoads closed in 1990, Hecht's bought the location, along with three other former Miller & Rhoads stores in Virginia, and converted it to a Hecht's.[3] Two years later, the Thalhimer's chain was also acquired by Hecht's, and as a result, the Thalhimer's became a second Hecht's location.

Taubman Centers acquired the Regency Square mall in 1997.[4] A children's play place was added in 2003.[2]

Competition with other malls[edit]

Regency Square faced additional retail competition in 2003, when two other malls opened nearby: Short Pump Town Center and Stony Point Fashion Park, the latter also a Taubman property.[5] In 2008, it had the second-lowest vacancy rate of any shopping center in Richmond.[6]

In January 2012, Taubman sold the mall to its mortgage lender to avoid foreclosure on the property.[7] The lender hired Jones Lang LaSalle for management of the property.

References[edit]

  1. ^ "Leasing information". Taubman Centers. Retrieved 2008-11-03. 
  2. ^ a b Gilligan, Gregory J. (2003-08-23). "Mall Renovation in Richmond, Va., Features Play Area for Children.". Richmond Times-Dispatch. Retrieved 2008-11-03. 
  3. ^ D'Innocenzio, Anne (1990-02-27). "Hecht's to open 4 units - former M&R Stores". Daily News Record. Retrieved 2008-11-03. 
  4. ^ "Taubman Completes Regency Square Acquisition; Richmond Property is Taubman's 23rd Mall". PR Newswire. 1997-09-04. Retrieved 2008-10-03. 
  5. ^ Gilligan, Gregory J. (2003-09-03). "Richmond, Va., Developer Sees Massive Retail Center Idea to Completion.". Richmond Times-Dispatch. Retrieved 2008-11-03. 
  6. ^ "Rough patch for malls". Richmond Biz Sense. 2008-08-28. Retrieved 2008-11-03. [dead link]
  7. ^ http://www.costar.com/News/Article/Taubman-Transfers-Regency-Square-to-the-Mortgage-Lender/134892

External links[edit]

Coordinates: 37°36′05″N 77°34′04″W / 37.601345°N 77.567726°W / 37.601345; -77.567726