Regency Centers Corp. stands out as one of the significant players in the United States when it comes to owning, operating, and developing shopping centers. Based in Jacksonville, Florida, this company boasts an impressive portfolio. By the close of 2024, they had expanded their reach to include 482 properties, which collectively offer around 50 million square feet of leasable space. Their strategic focus is predominantly on open-air shopping venues situated in bustling urban zones and prime suburban districts that attract high foot traffic.
At the end of 2024, a substantial portion of Regency’s shopping centers, around 80%, were anchored by well-known grocery store chains like Kroger and Publix. They also include popular retailers such as TJ Maxx and Petco as anchors, enriching their diverse tenant mix. At that time, approximately 20% of Regency’s annual base rent (ABR) was contributed by grocery tenants, while anchor tenants accounted for about 43% of the ABR. This blend underscores Regency’s strength in creating attractive shopping destinations that cater to a broad audience.
