Regency Acquires Four More Shopping Centers in Southern US

Regency Properties recently purchased four shopping centers in two southern states. In August, the Evansville, Indiana based commercial real estate company acquired three centers in Vancleave, Wiggins and Quitman, Mississippi and a shopping center in Havana, Florida. Green Acres Shopping Center in Havana marks Regency’s first center in Florida.

“While we’ve had a strong presence in many southern states for several years, we are excited to enter the Florida commercial real estate market and begin serving the town of Havana,” said Jim McKinney, Regency Properties’ President and Chief Executive Officer.

Howard McKinnon, Town Manager for Havana said, “We look forward to Regency coming to Havana and becoming a part of our corporate community.” Havana is located in northwest Florida about 17 miles outside of Tallahassee.

Regency also purchased three new centers in Mississippi. The company now owns Quitman Shopping Center in Quitman, Vancleave Shopping Center in Vancleave and Village Square Shopping Center in Wiggins, Mississippi. Each new property boasts strong regional or national tenants and two of the properties include a Greer’s grocery store.

Jackie Greer, owner of the grocery stores, said “We are excited about the plans we have made with Regency Properties to invest in the communities. Having a property owner like Regency who cares about the communities they are in will be a big plus and we appreciate their support!”

Both Greer’s and Regency are working together to upgrade the centers and improve the shopping experience for local shoppers.

Despite the slowed economic times, Regency has continued to invest in county-seat communities across the midwest and southeastern parts of the United States. In the last twelve months, Regency has purchased seven shopping centers and has plans to spend over a half a million to upgrade or renovate many of the properties.

Regency Properties owns, manages and leases commercial properties in middle American county-seat communities in Alabama, Florida, Georgia, Mississippi, South Carolina, Illinois, Kentucky and Indiana. For over 50 years, the company has endeavored to provide continually upgraded and improved commercial centers in the eight states it serves.