Regency Centers Charts Growth Path with New Development and Strategic Financing

Regency Centers funds growth with a $450M bond issue, starts construction on a Publix-anchored Florida center, and plans to relocate its HQ to the new development by 2028.

Regency Centers is reinforcing its commitment to physical retail through a dual strategy of property development and capital market activity. The company's recent groundbreaking for a major shopping center in Florida, coupled with a substantial bond issuance, underscores its expansion-focused approach. A planned relocation of its corporate headquarters adds another strategic layer to its long-term vision.

Strategic Financing Bolsters Balance Sheet

In a significant move this week, Regency Centers secured $450 million in fresh capital through a public bond offering. The senior unsecured notes carry a maturity date of 2033 and were issued with a coupon rate of 4.50%. The debt securities were priced at 99.376% of their face value. This infusion of capital provides a solid foundation for the company's upcoming projects and is supported by a robust operational performance.

For the full year, Regency Centers reported a 5.3% increase in same-property net operating income. The fourth quarter of 2025 saw a 4.7% rise on the same basis. The company's portfolio demonstrated resilience, ending the year with an occupancy rate of 96.5%. These stable cash flows, combined with the newly raised funds, are earmarked to support openings scheduled through 2027.

Groundbreaking on "The Village at Seven Pines"

Construction has officially commenced this week on "The Village at Seven Pines," a new retail development in Jacksonville, Florida. The project embodies Regency's core strategy: large-format retail anchored by a grocery store. A Publix supermarket will serve as the primary anchor for the center, which is slated for its initial openings in 2027.

The location is strategically positioned within a master-planned community. Upon completion, this community is projected to include approximately 1,600 residential units and over 90,000 square meters of commercial space. Initial building permits for the project, including those for the supermarket, represent an investment of nearly $27 million.

Corporate Headquarters to Relocate On-Site

In an unusual strategic decision, Regency Centers plans to relocate its corporate headquarters directly into the new development in 2028. This move will place the company's operational nerve center within one of its own key development projects, creating a unique synergy. The center has already secured lease commitments from prominent national retailers, including Williams Sonoma, Pottery Barn Kids, and Chase Bank.

This combination of strategic capital raising, disciplined development anchored by grocery retail, and the innovative headquarters relocation paints a clear picture of Regency Centers' focused growth trajectory in the physical retail space.