Regency Centers Acquires The Longmeadow Shops in Massachusetts

(Neutral)

(Very Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

News Market Reaction – REG

The recorded move for REG in the trading session of this news was +1.77%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

12/14/2023 - 09:00 AM EST

LONGMEADOW, Mass., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Regency Centers today announced the acquisition of The Longmeadow Shops in Longmeadow, MA.

“The Longmeadow Shops have been a fixture in this community dating back 50 years and serves as a town gathering spot for shopping and dining,” said Barry Argalas, Managing Director of Transactions. “This time-tested property will be a fantastic addition to the Regency portfolio.”

The Longmeadow Shops is a neighborhood center with approximately 100,000 square feet of space that is currently 100% leased. A staple of the local community, it consists of a strong national tenant mix including CVS, Athleta, Starbucks, Bank of America, Talbots, Gap, J. Crew Factory, and Chico’s. It is also home to local favorites such as Posto, Max Burger, and Delaney’s Market. The center is the premier shopping and dining destination within the trade area with an established reputation and relationship with the surrounding neighborhoods.

“Regency understands and appreciates the attractiveness of this trade area,” said Jack deVilliers, Senior Vice President and Senior Market Officer. “We continue to make strategic and accretive investments in the Northeast, powered by our financial strength and access to capital. As long-term owners of our properties, we look forward to further investing in portfolio growth and demonstrating why we are a company-of-choice for this retail environment.”

About Regency Centers (Nasdaq:REG)

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com.

Eric Davidson
904 598 7829
EricDavidson@RegencyCenters.com