Competition With Other Malls
Regency Square faced additional retail competition in 2003, when two other malls opened nearby: Short Pump Town Center and Stony Point Fashion Park, the latter also a Taubman property. In 2008, it had the second-lowest vacancy rate of any shopping center in Richmond.
In January 2012, Taubman sold the mall to its mortgage lender to avoid foreclosure on the property. The lender hired Jones Lang LaSalle for management of the property.
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Famous quotes containing the words competition and/or malls:
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—Elizabeth Fishel (20th century)
“The figured wheel rolls through shopping malls and prisons,
Over farms, small and immense, and the rotten little downtowns.”
—Robert Pinsky (b. 1940)