Regency Centers Upgrades Tallahassee, Fla. Neighborhood Center and Anchors

TALLAHASSEE, Fla.--(BUSINESS WIRE)--Regency Centers (NYSE:REG), a national owner, operator and developer of grocery-anchored shopping centers, announced the completion of two new anchor leases and the renovation of Carriage Gate, a 78,583-square-foot neighborhood center, strategically located at the corner of Thomasville Road and State Road 261, just north of Interstate 10.

“The center’s prominent location, strong daily traffic count of 58,000 and the addition of the area’s first Trader Joe’s, will make this center one of the more desirable locations for retailers in the Tallahassee market”

New to the market, Trader Joe’s will open a 13,000-square-foot store in 2013. In addition, Regency secured a long-term lease with existing anchor T.J. Maxx, which was formerly subleasing the 25,600-square-foot space. Built in 1978, the center will be renovated with a new exterior façade and awnings, plus the parking lot will be reconfigured for improved traffic flow and additional parking.

“The center’s prominent location, strong daily traffic count of 58,000 and the addition of the area’s first Trader Joe’s, will make this center one of the more desirable locations for retailers in the Tallahassee market,” said Mike Kinsella, senior market officer for Regency Centers.

Tenants will remain open during construction, which will begin in January 2013. For property leasing information, contact Patrick McKinley at 904-598-7468.

As part of Regency’s greengenuity^® program to reduce the environmental impact of developing and operating shopping centers, the project will incorporate basic sustainable elements such as recycling building materials and employing environmentally friendly paint and coatings.

Regency owns and manages 56 properties, totaling 5.4 million square feet, in Florida.

About Regency Centers

Regency is the leading national owner, operator and developer of grocery-anchored and community shopping centers. As of June 30, 2012, the Company owned 364 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed 49.5 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 $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. For more information, visit RegencyCenters.com.

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