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‘Big name’ local developers linked to potential Regency Square deal

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Posted at 7:52 AM, Jan 22, 2015
and last updated 2015-01-22 07:52:58-05

HENRICO COUNTY, Va. — A West End mall could soon be under new local ownership through a deal involving two big names in Richmond real estate. The Rebkee Co. and Thalhimer Realty Partners are currently in discussions for the potential purchase of Regency Square mall, according to numerous local brokers with knowledge of the situation. Thalhimer Realty Partners is the development and acquisition arm of local commercial real estate giant Cushman & Wakefield | Thalhimer.

Rebkee, headquartered in Midlothian, is known for owning grocery-anchored shopping centers, as well as the recent redevelopment of the Interbake cookie factory near Broad Street and Boulevard.

Several brokerage sources said this week that the two companies are close to having a contract in place for Regency Square.

Neither Mark Slusher, senior vice president of Thalhimer Realty Partners, nor Rebkee principal Rob Hargett would comment on the potential deal.

The 818,000-square-foot mall, built in 1975, sits on 46 acres at the busy intersection of Parham and Quioccasin roads. It has been on the market since at least early November, said Sean Barrie with the real estate tracking firm Trepp.

Click here to read more about the future of Regency Square mall on RichmondBizSense.com.