Cohen Commercial acquires 83,167 s/f shopping center

Cohen Commercial Properties, LLC (CCP) has acquired the Regency Village, an 83,167 s/f Publix-anchored neighborhood shopping center. The seller was Regency Centers Corp.  Developed in 2002, the property is a class A institutional quality property located on International Dr., a main thoroughfare, and accessible from I-4. In conjunction with the transaction, Bridgette Johnson of Jones Lang LaSalle has been retained to represent CCP in the leasing for Regency Village. American Commercial Realty will provide property management for the shopping center. "We are very pleased with the acquisition," said Andrew Cohen, the firm's founder and Chairman. "The distinction of having Publix as its anchor tenant along with other national retail tenants entrenches the shopping center within the neighboring residential and timeshare communities. Further, its strategic location across from the Chelsea Orlando Premium Outlets and being minutes from many of the Orlando attractions should provide for the long term stability of the shopping center." "The property met our priority of stability and sustainability at an appropriate value, all of which are important to us in the current economic climate," said Robert Friedman, CEO of CCP. "Regency Village will also provide us with the opportunity to potentially enhance value through the implementation of certain strategic initiatives, including ground leasing the currently vacant outparcels and leasing the inline vacancies."