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THORNTON, CO-Regency Centers, headquartered in Jacksonville, FL, bought a 20-acre site of land in this northern Denver suburb where it plans a grocery-anchored shopping center called the Cherry Wood Center. The site, at the northeast corner of 136th Avenue and Colorado Boulevard, will be developed with a 66,000-sf King Soopers anchor; 34,000 sf of shop space and six outparcels for sale.

The center is scheduled to open in the fall of 2003.

“The city of Thornton is experiencing sound growth and has a great business environment, coupled with a strong sense of community,” says Snowden Leftwich, vice president of investment Colorado for Regency. “Cherry Wood Center is going to meet the needs of the area’s growing population and will enhance the shopping experience available to its residents. We are proud to add this location to our portfolio of properties.”

Nationally, Regency owns 271 retail properties totaling 29.3 million sf in high growth markets throughout the US.

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