Regency Centers - Destinations That Connect

Destinations That Connect

Each center is uniquely connected to the people and communities that surround it – no two are the same.

Mellody Farm Vernon Hills, IL

OUR FOUNDERS

WHO IS REGENCY

Regency Centers began in 1963 with one property from one determined husband and wife team in Jacksonville, Florida. Their efforts brought the first regional shopping mall to the southeast. This was accomplished with a set of values that would create the foundation of Regency Centers, which now encompasses more than 400 properties in nearly every major market across the nation.

OUR CORE VALUES

We have lived our values for 60 years by executing and successfully meeting our commitments to our people, our customers, and our communities. We hold ourselves to that high standard every day. Our exceptional culture will set us apart into the future through our unending dedication to these beliefs:

We are our people.

We are responsible.

We do what is right.

We connect with our communities.

We strive for excellence. We are better together.

National Reach, Local Expertise

Regency is a collection of regional offices located in compelling markets and run by local industry experts. Each market is different, and we empower our people to use their deep experience to achieve success. Our Fresh Look® program and the intentional application of its three pillars — Connecting, Placemaking, and Merchandising — help bolster the success of our centers.

~$760/SF Average Grocer Sales

400+ Centers 54M+ SF Nationwide 130,000 Average Population* $126,000 Average Household Income* 22 Market Offices

8,000+ Tenants $14B+ Total Market Capitalization

~94% Nationally Leased

242 Shopping Centers Developed Nationally Since 2000 $400M In Projects Currently Under Construction

S&P 500 Member *3-mile

ATMOSPHERE

As

destinations and gathering places for their surrounding communities, our properties need to feel familiar and organic.

PLACEMAKING

A key element of our Fresh Look program, Placemaking is the process of incorporating architecture, design aesthetics, and gathering places into the bones of a center. Various materials, lighting, and greenery are woven together to achieve the right look and feel to reflect the surrounding community.

Culture plays an essential part in determining the personality of a center. How our visitors interact with the property helps define design direction. It takes our local experts' combined expertise and experience to determine that plan of action.

Creating a sense of place gives a center its identity, first defined by its surrounding community.

EXPERIENCE

Creating a lasting and inviting experience is no simple task.

We approach it with a unique strategy and a balanced mindset.

For us, a great guest experience encourages active engagement with our centers through shopping, dining, meeting friends, and attending any of our on-site events. In addition to providing goods and services, our centers are places where people can connect.

MERCHANDISING

We blend best-in-class local merchants with top national retailers in an intentional merchandising strategy, focusing on the right concepts that complement a center’s trade area and existing Fresh Look components.

A merchandising mix focusing on daily needs, services, and wellness concepts creates a powerful balance for our guests, making our property their center of choice. National retailers — combined with best-in-class local merchants, mom-and-pops, and expanding regional brands — create a dynamic, 18-hour experience.

As new generations move to the forefront, we have to ensure our properties are a long-term draw.

CONNECTIVITY

Regency creates thriving environments for retailers and service providers to connect with surrounding neighborhoods and communities, transforming our “properties” into “places.”

As an essential part of people’s lives, we take great care to ensure our centers are wellmaintained, easy to access, inclusive, and safe.

Events also create a draw and foster a relationship between our guests and their experiences. We source local artists and talented experience providers to give people a second home in their community: their center of choice.

We use social media to reach the surrounding community. Guests are encouraged to share their experiences with us while we promote new events, merchant announcements, and important center updates. This engagement creates a relationship between us, the surrounding neighborhoods, and our merchants on these channels.

At the heart of our values is a connection to our communities.

CREATING A PLACE

To create a real sense of place, we must understand the culture of our communities. These range from urban to suburban, with various lifestyles, preferences, and even architectural identities.

Younger generations and empty-nesters seek connectivity, health and wellness, essential goods and services, and organic experiences. New concepts are emerging as people create a new balance to meet their changing needs.

Physical space plays an integral role in defining retail, the community, and its surroundings.

Trends, technology, and culture are crucial to reaching the customer.

Ongoing

We want people to share their experiences with us on social media, even if they have a concern or complaint. Responsible community management includes being available and responsive on all channels.

Trust is key to any relationship, so we strive for transparency. We communicate our goals and plans wherever possible, which sometimes requires an “open house” event. This is where our teams can connect with — and collect valuable feedback from — their neighbors and local stakeholders.

dialog with our communities is critical.

ACQUISITIONS AND DISPOSITIONS

Properties that have an identity and brand loyalty outperform the competition. Through our capital recycling program, we fund acquisitions via a thoughtful disposition program, resulting in a meaningful upgrade to our portfolio’s overall quality.

The type of centers we like to build are also the type we are interested in acquiring.

Our strategy is to find centers that offer the most dynamic combinations of merchandising, placemaking, and location.

Barry Argalas Senior Vice President, National Transactions and Investment Strategy

ACQUISITION CRITERIA

Individual properties or portfolios

High-growth urban neighborhood and community retail including value-add opportunities

Dominant anchors, with a preference towards grocers

Household incomes and population counts exceeding the market averages

Located in major metropolitan areas throughout the U.S.

KEY BUYING ADVANTAGES

All cash buyer with strong balance sheet

Certainty of closing Joint venture and tax advantageous programs available

The Pruneyard | Campbell, CA

The Pruneyard | Campbell, CA

FEATURED ACQUISITIONS

ISLAND VILLAGE

Bainbridge Island, WA | 105,851 SF

A core grocery and drug store-anchored center in the affluent community of Bainbridge Island

The only anchored shopping complex in the trade area; essentially acts as the “town center” for the entire island

A captive, growing and high-income trade area, with close proximity to the region’s major employment centers of Seattle and Bellevue

NAPERVILLE PLAZA

Naperville, IL | 115,380 SF

Dual grocer-anchored shopping center located in Naperville, IL

A mature, densely populated, high income, west suburban community

The center is surrounded by high-end, single-family residential development

BLAKENEY

Charlotte, NC | 542,761 SF

Blakeney is located at the intersection of Rea and Ardrey Kell Road in Charlotte, NC, just minutes from Ballantyne with easy access to I-485

Designed around a remarkable 400K SF architectural layout, Blakeney’s vibrant community includes apartments, shops, and entertainment

Blakeney spans two main areas across an entire junction in its popular South Charlotte location

LONG ISLAND SPOTLIGHT

Earlier this year, we announced the acquisition of a four-property portfolio on Long Island, NY, from Serota Properties for a total purchase price of $130 million and 100% ownership. Combined, these four groceryanchored neighborhood centers represent nearly 400,000 square feet of quality retail in premier locations. We recently closed on the acquisition of East Meadow Plaza located adjacent to the recently acquired East Meadow shopping center. The property features a 130,000+ SF, Lidl-anchored shopping center and a 70,000+ SF five-story office building.

EAST MEADOW PLAZA

East Meadow, NY 200,000 SF

Adjacent to East Meadow

130,000+ SF Lidl anchor

70,000+ SF 50 story office building

98% Leased

EAST MEADOW

East Meadow, NY 140,767 SF

Over half a million people within 5 miles Anchored by Stew Leonard’s and Marshalls

92% Leased

VALLEY STREAM

Valley Stream, NY 99,002 SF

Centrally located in Valley Stream

Featuring one of the most visited King Kullen locations

98% Leased

WADING RIVER

Wading River, NY 99,118 SF

Prime location

Ample parking with a strong merchant mix Anchored by King Kullen

82% Leased

This portfolio is a perfect addition to our expanding footprint in the New York Metro area, and we look forward to bringing our time-tested expertise to these locations.”

Jack deVilliers, Senior Vice President and Market Officer

VALLEY STREAM EXISTING

VALLEY STREAM

PROPOSED RENDERING

Existing Elevation

VALLEY STREAM EXISTING

VALLEY STREAM

PROPOSED RENDERING

Existing

EAST MEADOW EXISTING

EAST MEADOW

PROPOSED RENDERING

EXISTING

EAST PORT

PROPOSED RENDERING

WADING RIVER EXISTING

WADING RIVER

PROPOSED RENDERING

THE ABBOT

Cambridge, MA | 64,126 SF

Neighboring the city of Boston and Harvard University, The Abbot proudly stands as the iconic center of Cambridge. Centrally located, The Abbot is only 200 feet away from the Harvard stop on the Red Line T.

The Abbot

This redevelopment will create more than 64,000 SF of new flagship retail and creative office space, providing state-ofthe-art space in a thoughtfully restored and expanded historic building. This center is also the winner of the 2021-2022 Cambridge Preservation Award for historic preservation.

 1-30 Brattle St, Cambridge, MA 02138

BALLARD BLOCKS I AND II

Seattle, WA | 248,572 SF

Ballard Blocks

Located just north of downtown Seattle, Ballard is a thriving, hip, waterfront neighborhood. Home to an influx of young families and professionals fueling the construction of more than 20,000 new multifamily units, the Ballard area has become one of Seattle’s fastest growing submarkets. Ballard Blocks II, currently under development, will contain office and retail space, anchored by a PCC Natural Grocer, West Marine, and Bright Horizons learning center.

1 of 1

BAYBROOK EAST

Webster, TX | 155,982 SF

H-E-B is now open for the first phase of Baybrook East, a 23-acre shopping center that will include 20,000 SF of retail space, and six outparcels along with open-air seating and landscaping. Visitors will soon find a full spectrum of restaurants, exciting placemaking, and sensational shopping. Positioned midway between downtown Houston and Galveston, Baybrook East sits at the heart of a vibrant commercial sector.

Richmond, VA | 115,322 SF

Carytown Exchange reflects the neighborhood’s local flavor and serves its dense daytime population of well-educated and diverse residents and visitors. With a curated mix of local and national, service and retail, the shopping center will exemplify Regency’s Fresh Look® philosophy by combining unique placemaking designs with the right merchandising mix and connecting with the community. From locals and tourists to students, artists, and creatives who are educated, tattooed, and hip — you won’t find a more intriguing demographic profile than right here in Richmond’s Carytown district.

THE CROSSING CLARENDON

Arlington, VA | 419,950 SF

This iconic mixed-use property, located in the heart of the Rosslyn-Ballston corridor in Arlington, VA, is just steps from the Clarendon Metro. Home to residences, offices, and a distinctive set of restaurants and retailers, The Crossing is located on one of Arlington’s best streets for shopping — serving a diverse, affluent, and educated customer base.

EAST SAN MARCO

Jacksonville, FL | 58,946 SF

A quaint community boasting a vibrant mix of local and national retailers, historic San Marco continues to be one of Jacksonville’s most beloved and sought after neighborhoods. Situated in San Marco’s shopping district within an area of extreme multi-family housing growth, this urban, Publix-anchored development sits in close proximity to the Downtown, Five Points, Riverside, and St. Nicholas neighborhoods, with easy access to I-95 and a new interchange.

East San Marco

GLENWOOD GREEN

Old Bridge, NJ | 354,586 SF

Ideally situated on New Jersey’s Route 9 in Old Bridge, Glenwood Green is poised to be the shopping destination of choice for the surrounding communities. The center will offer local and national shops, restaurants and fitness venues, and a fuel station. An on-site ambulatory care center, (operated by the local hospital system), and more than 1,200 new residences under development on the neighboring property make Glenwood Green a convenient stop for many. First class architecture, placemaking amenities, and a pedestrian-friendly design welcome visitors to Glenwood Green.

Glenwood Green

GRAND RIDGE PLAZA

Issaquah, WA | 330,671 SF

Grand Ridge Plaza

Grand Ridge Plaza is the only major retail center to serve Issaquah Highlands, an innovative master-planned community located 18 miles east of downtown Seattle. Designed to be the central gathering place for residents and office workers in the Issaquah region and to the east, Grand Ridge is a vibrant urban hub that meets the community’s shopping, dining and entertainment needs.

MELLODY FARM

Vernon Hills, IL | 258,691 SF

Located in the heart of the Vernon Hills community just 30 miles from Chicago’s Loop, Mellody Farm features Whole Foods Market, destination restaurants, and some of the area’s most adored shops and businesses. Mellody Farm is situated at the confluence of two state highways, with signalized access to Hawthorn Mall in the heart of the 3M+ SF Vernon Hills retail trade area.

Mellody Farm

Campbell, CA | 259,936 SF

The Pruneyard

Situated in the heart of one of the most affluent regions of Silicon Valley, The Pruneyard is surrounded by a thriving and dense population of high income, well-educated families and young professionals. The Pruneyard recently completed a major, multi-phase renovation that transformed the center into a vibrant urban village, curating a thoughtful collection of the finest dining, retail, entertainment and fitness establishments to create a compelling destination unlike any other.

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Strategically located along the desirable thoroughfare of Imperial Highway, this center is part of a larger masterplanned community. Village at La Floresta has a dynamic integrated marketing strategy that realizes strong property brand awareness, stimulating generous physical foot and digital site traffic.

VILLAGE DISTRICT

Raleigh, NC | 558,574

SF

Village District is the Southeast’s original lifestyle center near Raleigh’s central business district and NC State University.

Purchased in 2004 and continually renovated since, it spans six-plus city blocks, and houses 91 premier retailers generating more than $155 million in reported annual sales revenue.

Village District

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WESTBARD SQUARE

Bethesda, MD | 146,978 SF

The Westwood Shopping Center has been a cornerstone of the Bethesda community for generations. At the new Westbard Square, we’re enhancing everything locals love about this treasured neighborhood staple, creating a dynamic gathering place where shoppers can run a quick errand or stay a while to catch up with family and friends.

Westbard Square