Argus
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May 19, 2025
Regency Centers Corporation: New leases continue to show pricing power
Summary
Regency Centers Corp. is one of the largest U.S. owners, operators, and developers of shopping centers. Headquartered in Jacksonville, Florida, the company, including joint ventures had 482 properties at the end of 2024 with about 50 million square feet of gross leasable space. Regency's portfolio focuses on open-air properties in urban and first-ring suburban areas with high trade and traffic.
At year-end 2024, about 80% percent of Regency's shopping centers were anchored by major grocery store chains, such as Kroger and Publix, although other anchors include retailers TJ Maxx and Petco. At the end of last year, about 20% of ABR was from grocery tenants and 43% of ABR was from anchor te
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