April 21, 2009 (FinancialWire) — Regency Centers Corp. (NYSE: REG) said that it plans to sell 7.7 million shares of its common stock in an underwritten public offering. J.P. Morgan Securities (NYSE: JPM) and Wachovia Capital Markets (NYSE: WB) are acting as joint book-running managers.

The underwriters will be granted a 30-day option to purchase up to an additional 1.155 million shares of REG common stock.

Regency said it plans to use the net proceeds from the offering to repay indebtedness and for general corporate purposes.

Jacksonville, Florida-based Regency is an owner, operator, and developer of grocery-anchored and community shopping centers. At March 31, the company owned 413 retail properties, including those held in co-investment partnerships.

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