---
title: Regency Centers Acquires Silicon Valley's The Pruneyard
description: Regency Centers acquires Trader Joe's-anchored The Pruneyard in Silicon Valley.
image: https://connect.regencycenters.com/hubfs/PruneyardCommonArea.jpg
---

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# Regency Centers Acquires Silicon Valley's The Pruneyard

[Regency Centers](https://connect.regencycenters.com/blog/author/regency-centers)

July 23, 2019

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Earlier this month, Regency Centers acquired 258,000 SF of prime Silicon Valley retail located in the iconic mixed-use project known as [The Pruneyard](https://www.regencycenters.com/property/detail/60888/The-Pruneyard).

![Peets Coffee storefront at The Pruneyard](https://connect.regencycenters.com/hs-fs/hubfs/60888_N2.jpg?width=1000&name=60888_N2.jpg)  
Built in the 1960s, The Pruneyard quickly became a Silicon Valley landmark, evolving over the years and recently undergoing a substantial renovation.

Anchored by [Trader Joe’s](https://www.traderjoes.com/), it is located at the highly-trafficked intersection of Campbell Avenue and Bascom Avenue, adjacent to State Route 17.

![Headshot of Ramey Craig](https://connect.regencycenters.com/hs-fs/hubfs/images/Headshots/RameyCraig.jpg?width=250&height=250&name=RameyCraig.jpg)“The Pruneyard is an iconic destination, and an opportunity to be a part of something like this doesn’t come along very often,” said[Craig Ramey](https://www.regencycenters.com/employee/9392/Craig-Ramey), Regency Centers’ Managing Director of the Pacific Northwest, Colorado, and Northern California. “We’re aware of the rich history of this center. This, coupled with a strong merchandising mix and terrific amenities, aligns very closely with the types of properties already in our portfolio. We want to ensure that The Pruneyard continues to build on its recognized position as a premier retail destination in Silicon Valley.”

In addition to the retail portion, The Pruneyard also features a mix of unowned uses that include three office towers totaling 360,000 square feet and a 171-key hotel, which were not part of the transaction.

![Pedestrians at The Pruneyard courtyard](https://connect.regencycenters.com/hs-fs/hubfs/PruneyardCommonArea.jpg?width=729&name=PruneyardCommonArea.jpg)

To learn more about the property, click [here](https://thepruneyard.com/).

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##### Related Stories

[Jan 29 Regency Centers Acquires Mount Sinai Shopping Center in Long Island](https://connect.regencycenters.com/blog/mount-sinai-shopping-center-in-long-island) [Jul 24 Regency Centers Completes $357M Portfolio Acquisition in Southern California](https://connect.regencycenters.com/blog/regency-centers-acquisition-southern-california) [Mar 17 Regency Centers Acquires Brentwood Place Shopping Center in Nashville, TN](https://connect.regencycenters.com/blog/acquires-brentwood-place-shopping-center) [May 14 Regency Centers Earns 18th Consecutive First Coast Healthiest Companies Award](https://connect.regencycenters.com/blog/18th-first-coast-healthiest-companies-award) [Feb 05 Regency Centers Announces Lone Tree Village Development in Colorado](https://connect.regencycenters.com/blog/regency-centers-announces-lone-tree-village-a-king-soopers-anchored-retail-destination-serving-the-ridgegate-community) [Jan 29 Regency Centers Acquires Mount Sinai Shopping Center in Long Island](https://connect.regencycenters.com/blog/mount-sinai-shopping-center-in-long-island) [Nov 07 The Pruneyard Sees Regional Draw for 'Thrill The World' Flash Mob](https://connect.regencycenters.com/blog/zombies-gather-at-the-pruneyard-for-thrill-the-world-flash-mob) [Nov 07 The Pruneyard Sees Regional Draw for 'Thrill The World' Flash Mob](https://connect.regencycenters.com/blog/zombies-gather-at-the-pruneyard-for-thrill-the-world-flash-mob)

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