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First Watch outparcel at Regency has new owner

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An outparcel building at Regency has a new owner.

Parkway Gardens, LLC purchased the 3,615-square-foot building at 1420 North Parham Road, which currently houses First Watch restaurant, for $2.74 million. The restaurant has a 10-year lease on the site, which is located in a designated opportunity zone.

Eric Robison and Catharine Spangler of Thalhimer’s Capital Markets Group handled the sale.