To provide its shoppers with a better salon experience,
Regency Centers Corporation
) is adding
ULTA Salon, Cosmetics & Fragrance, Inc.
) and 18|8 as tenants at 4S Commons Town Center in San Diego, CA.
ULTA Salon is expected to open this fall, while 18|8 - the renowned
men's salon - will open in July.
4S Commons Town Center stands among the affluent community
centers of San Diego. Situated near Black Mountain Ranch - a
thriving local residential community - the shopping center serves
the daily and specialty needs of the neighborhoods. The center,
which draws over 27,000 visitors per week, boasts several top
retailers and restaurateurs such as
Panera Bread Company
Bed Bath & Beyond Inc.
Notably, San Diego is one of the fastest growing and expansive
regions in the San Diego County. Alongside, Regency primarily
focuses on building a premium portfolio of grocery-anchored
neighborhood and community shopping centers, which are usually
necessity driven and bring in a dependable traffic. The addition of
ULTA Salon and 18|8 are hence a strategic fit and would enhance the
value and boost footfall at the property.
As a matter of fact, Regency has been focusing on improving the
quality of its properties in recent times to draw in shoppers.
Earlier this week, Regency disclosed the redevelopment of a
community center - Kings Park Shopping Center - based in Burke, VA
to expand the center and enhance customers' shopping experience
Regency Refurbishes VA Asset to Boost Footfall
). Such initiatives bode well for the long-term growth of this
retail real estate investment trust (REIT).
Regency has scheduled its second-quarter 2014 earnings
announcement on Aug 6, after the closing bell. The Zacks Consensus
Estimate for FFO per share for the same is currently pegged at 67
Regency presently carries a Zacks Rank #3 (Hold).
Note: FFO, a widely used metric to gauge the performance of
REITs, is obtained after adding depreciation and amortization and
other non-cash expenses to net income.
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PANERA BREAD CO (PNRA): Free Stock Analysis
REGENCY CTRS CP (REG): Free Stock Analysis
ULTA SALON COSM (ULTA): Free Stock Analysis
BED BATH&BEYOND (BBBY): Free Stock Analysis
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