Commercial Real Estate Company Purchases Vernal Towne Center
A commercial real estate company is breaking into the Utah market with a major purchase in Uintah County. Regency Properties owns properties in 15 states and recently acquired the Vernal Towne Center which adds 161,695 square feet of property to the company’s portfolio. The Vernal Towne Center was built in 2013 and despite downturn in recent years, the shopping center maintains an over 90 percent occupancy rate.