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SACRAMENTO, CA-Regency Centers has sold the 136,000-sf Promenade shopping center here for $16.5 million. The center was sold to Vincent A. Muzzi, Olga M. Silvestri and Faust Silvestri, co-trustees of the Silvestri Family 1999 Trust.

The shopping center is located in the Greenhaven/Pocket area of Sacramento at the intersection of Rush River and Windbridge Drive. Anchored by Bel Air Market, The Promenade’s tenants also include Long’s Drugs and True Value Hardware.

According to Brian Smith, managing director of investments for the Pacific/Northwest region, Regency plans to continue a strong relationship with the Sacramento community in helping provide convenient services for area residents. Nationally, Regency owns 260 retail properties nationwide totaling 27.9 million sf

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