NORTHBROOK, IL-Jacksonville, FL-based Regency Centers has purchased the 405,227-square-foot Willow Festival neighborhood shopping center here for $64 million. Hamilton Partners sold the 96%-leased property, which is anchored by Lowe’s, Whole Foods and Best Buy.

This is Regency’s second purchase in the North Shore market the second half of 2010. The company paid $18 million to the Adinamis family to buy the Trader Joes-anchored Glen Oak Plaza, a 62,443-square-foot center in Glenview, about two miles south of Willow Festival. Both centers are near the former Glenview Naval Air Station, now a 1,200-acre master-planned community.

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