TUESDAY May 14, 2019
Public legal notices begin on page 3
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Daily Record JACKSONVILLE
THE MATHIS REPORT
Daily Record
Regency Centers offers update on plans for San Marco Publix
JACKSONVILLE
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Lakewood Promenade is at the four corners of San Jose and University boulevards.
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KAREN BRUNE MATHIS EDITOR
CEO Hap Stein says company hopes to “have some positive news to report within the year.”
It’s been two years since a deal fell through on East San Marco that would have created an apartment and retail center with the long-awaited Publix Super Market. Last year, property owner Regency Centers Corp. Chairman and CEO Martin E. “Hap” Stein Jr. said the project would continue at Hendricks Avenue and Atlantic Boulevard, but just with the shopping center. This year, prior to the Jacksonville-based company’s annual shareholders meeting May 7, he said so again.
SEE MATHIS, PAGE 2
Sleiman paid $24.5M for Lakewood Promenade
JACKSONVILLE
Photo by Karen Brune Mathis
Regency Centers Corp. CEO Hap Stein said he expects work to start on East San Marco “hopefully by the beginning of next year.” Q&A with Stein, Page 2.
REGENCY CENTERS AT A GLANCE About Regency Centers: The real estate investment trust owns 425 properties totaling more than 53 million square feet of space “in the affluent and densely populated trade areas of the nation’s 22 most attractive markets,” according to its 2018 annual report. Employees: 400, with more than half in Jacksonville. It has 20 U.S. offices.
Northeast Florida shopping centers: 18 Next for area: Regency announced in February it is reconfiguring Pablo Plaza, a 154,000-square-foot Jacksonville Beach shopping center, with a new Whole Foods “that will add to the compelling anchor lineup” that includes Marshalls and HomeGoods. The project cost is about $15 million.
Lease percentage: As of March 31, Regency’s retail properties were 95% leased. Grocery anchors: Supermarkets anchor 80% of the company’s shopping centers. Top tenants: Publix (70 stores), Kroger Co. (56), Albertsons Companies Inc. (47), Whole Foods (32) and TJX Companies (59).
BY KAREN BRUNE MATHIS STAFF WRITER
Sleiman Enterprises paid $24.5 million for the Lakewood Promenade shopping center, according to deeds recorded Monday with the Duval County Clerk of Courts. Through General Property Support Inc. as trustee for Lakewood Creekside Land Trust, Sleiman bought the property among four deeds executed May 6. Jacksonville-based Sleiman Enterprises announced Wednesday it bought the Lakewood Promenade open-air center at the four corners of San Jose and University boulevards. Indianapolis-based Kite Realty Group Trust sold the property through KRG Lakewood LLC. The 200,000-square-foot Lakewood Promenade comprises four retail parcels. Sleiman Enterprises Chief Operating Officer Michael McNaughton said the property was 82 percent occupied in what he calls the dense, affluent and sophisticated Lakewood area. He said Sleiman Enterprises plans “significant” upgrades. McNaughton said the purchase was not related to the city’s $15 million settlement with Sleiman to buy The Jacksonville Landing Downtown.
KMATHIS@JAXDAILYRECORD.COM @MATHISKB (904) 356-2466
Land Trust has deal for Fish Island The nonprofit North Florida Land Trust announced Friday it reached an agreement to buy Fish Island, a 57-acre property on the Intracoastal Waterway adjacent to the Florida 312 bridge on Anastasia Island. “The governor and the Cabinet will have final approval of the purchase with Florida Forever funds and while we don’t normally announce our deals until they close, we did want to let the community know that we had come to an agreement to preserve the land,” said Jim McCarthy, president of the land trust in a news release. The North Florida Land Trust supports environmental protection in the region.
VOLUME 106, NO. 126 • ONE SECTION