Ridgewood Shopping Center at 3540 Wade Ave. in Raleigh was originally developed in 1951.
RALEIGH, NC—Regency Centers Corp. of Jacksonville, FL has acquired the storied Ridgewood Shopping Center here that dates back to 1951.
The nearly 93,000-square-foot Whole Foods anchored center was purchased in a joint-venture partnership where Regency owns a 20% interest. No financial terms of the transaction were disclosed. The Triangle Business Journal reports that the property, which has been in operation for 67 years, traded for $46 million.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
