Regency Centers Corporation (“Regency”) announced today that it has
agreed to acquire an 80% interest in a portfolio of properties (the
“Portfolio”) currently controlled by Kleban Properties of Fairfield,
Connecticut (“Kleban”). The Portfolio consists of three properties known
as Fairfield Center, The Brick Walk, and Black Rock Shopping Center
totaling approximately 315,000 square feet and each located in highly
affluent and densely populated areas within Fairfield. The properties
feature a variety of best-in-class national and regional retailers such
as Banana Republic, The Gap, Old Navy, Victoria’s Secret, and Fidelity,
as well as some of Fairfield’s top dining and entertaining
establishments. Additional transaction details will be announced upon
closing, which remains subject to customary conditions as well as loan
assumption consent.
About Regency Centers Corporation (NYSE: REG)
Regency is the preeminent national owner, operator, and developer of
high quality grocery-anchored and community shopping centers. At
September 30, 2013, the Company owned 333 retail properties, including
those held in co-investment partnerships. Including retailer-owned
square footage, the portfolio encompassed 43.6 million square feet
located in top markets throughout the United States. Since 2000, Regency
has developed 212 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.
Copyright Business Wire 2013