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103,762-SF Retail Center Fetches $35M

DAVIS, CA-Regency Centers buys Oak Shade Town Center here, which is one of only five grocery-anchored centers in Davis.

By Natalie Dolce | Updated on August 24, 2011

DAVIS, CA-Regency Centers has closed on the acquisition of Oak Shade Town Center, a 103,762-square-foot neighborhood shopping center anchored by Safeway, Rite Aid and OfficeMax in Davis, CA. The property was purchased for $35 million from the center’s original owner.

Built in 1998, Oak Shade Town Center is anchored by a 40,000-square-foot Safeway, which is the top sales-producing grocer in the market, according to a prepared release. It is also anchored by “the city’s only full-service office supply store” OfficeMax, 21,000 square feet, and a 17,522-square-foot Rite Aid with the area’s only pharmacy drive-through, according to a prepared statement.

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