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Regency Acquires Shops at the Columbia for $11M

WASHINGTON, DC-Regency Centers first entered the District in May 2005 and is currently looking for additional opportunities in the Beltway area.

By Erika Morphy | Updated on February 01, 2007

(For more retail coverage, click GlobeSt.com/RETAIL.)

WASHINGTON, DC-Regency Centers has acquired Shops at the Columbia, a 22,812-sf West End retail center. According to its earnings statement, the Jacksonville, FL-based firm acquired it in partnership with CalSTRS for $11.4 million and a cap rate of 6.6%.

Located at 24th and L streets, Shops at the Columbia is anchored by Trader Joe’s, which occupies 11,833-sf in the west tower, according to Regency Centers. Natural Body Spa and District Hardware are among the tenants in the additional 10,979 sf of retail space in the east tower.

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