Regency (REG) Brings New Tenants To Springwoods Village
Zacks Investment Research | Jun 21, 2016 06:53AM ET
Regency Centers Corporation (NYSE:REG) has made the announcement of bringing some new tenants to The Market at Springwoods Village. This is in sync with the strategy of the Jacksonville, FL-based retail real estate investment trust (“REIT”) to add more tenants to generate steady rental revenues.
Notably, Springwoods Village is an 1,800-acre mixed-use community. It is situated in between the Springwoods Village Parkway and the Grand Parkway. Upon completion, this nature-friendly community is likely to provide a variety of facilities to the customers, including housing, lodging, dining, civic facilities and outdoor recreation.
The Market at Springwoods Village, located at the junction of Holzwarth Road and Grand Parkway is a 170,000 square foot project. Since the initial announcement, momentum for the project has accelerated and presently it is over 80% leased. Further, slated to be completed in the first half of 2017, Kroger (NYSE:KR) Marketplace will serve as the anchor and include a blend of national local and regional tenants.
Regency Centers’ portfolio mainly constitutes grocery-anchored community and neighborhood centers. Regency’s first-quarter 2016 funds from operations (“FFO”) of 86 cents per share surpassed the Zacks Consensus Estimate of 79 cents. Further, the results compared favorably with 74 cents reported in the year-ago quarter.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.