Regency Centers Acquires Four Shopping Centers in December

  Regency Centers Acquires Four Shopping Centers in December

Business Wire

JACKSONVILLE, Fla. -- January 3, 2013

Regency Centers Corporation (“Regency” or the “Company”) announced today that
prior to year end the Company acquired four properties at a total purchase
price of $188.5 million. Regency’s share of the total purchase price was
$147.4 million. The Company also disposed of three non-strategic properties
during the fourth quarter at a total sales price of $76.6 million. Regency’s
share of the total sales price was $49.7 million. For the full year 2012, the
Company acquired $334.3 million of dominant shopping centers (Regency’s share
was $242.8 million) and sold $581.2 million of non-strategic assets (Regency’s
share was $404.9 million).

Acquisition Activity

Uptown District, located in San Diego, CA, was purchased on a wholly owned
basis for a gross purchase price of $81.1 million. The 148,638 square foot
urban center is the dominant grocery shopping destination in San Diego’s
densely populated Hillcrest neighborhood. Uptown District is 95% leased and
anchored by two grocers, Ralphs (a banner of The Kroger Company) and Trader
Joe’s.

Sandy Springs Plaza, located in the affluent Atlanta neighborhood of Sandy
Springs, was purchased on a wholly owned basis for a gross purchase price of
$35.3 million. The 115,794 square foot center is situated along Roswell Road,
which is the major north-south thoroughfare extending from Atlanta’s premier
Buckhead neighborhood. Sandy Springs Plaza is 95% leased and anchored by
Trader Joe’s, Pier 1 Imports and Party City.

Village Plaza, located in Chapel Hill, NC, was purchased with a co-investment
partner for a gross purchase price of $16.7 million. Regency’s share of the
purchase price was $3.3 million. The 78,128 square foot neighborhood center
sits approximately two miles northeast of the University of North Carolina at
Chapel Hill. Village Plaza is 100% leased and anchored by Whole Foods.

A 50% interest was purchased in Phillips Place, located in Charlotte, NC. The
gross purchase price was $55.4 million, with Regency’s share being $27.7
million. The 133,059 square foot upscale retail center is located adjacent to
the super-regional SouthPark Mall in Charlotte’s affluent South Park
submarket. Phillips Place is 99% leased and includes best-in-class operators
such as Dean & Deluca, Regal Cinemas, Brooks Brothers and The Palm Restaurant.

About Regency Centers Corporation (NYSE:REG)

Regency is the preeminent national owner, operator, and developer of dominant
grocery-anchored and community shopping centers. At September 30, 2012, the
Company owned 347 retail properties, including those held in co-investment
partnerships. Including tenant-owned square footage, the portfolio encompassed
46.1 million square feet located in top markets throughout the United States.
Since 2000, Regency has developed 209 shopping centers, including those
currently in-process, representing an investment at completion of more than
$3.0 billion. Operating as a fully integrated real estate company, Regency is
a qualified real estate investment trust that is self-administered and
self-managed.

Forward-looking statements involve risks and uncertainties. Actual future
performance, outcomes and results may differ materially from those expressed
in forward-looking statements. Please refer to the documents filed by Regency
Centers Corporation with the SEC, specifically the most recent reports on
Forms 10-K and 10-Q, which identify important risk factors which could cause
actual results to differ from those contained in the forward-looking
statements.

Contact:

Regency Centers Corporation
Patrick Johnson, 904-598-7422
PatrickJohnson@RegencyCenters.com
 
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