April 21, 2009 (FinancialWire) — Regency Centers Corp. (NYSE: REG) said that it has priced an offering of 8.7 million shares of its common stock at $32.50 per share. J.P. Morgan Securities (NYSE: JPM) and Wachovia Capital Markets (NYSE: WB) are acting as joint book-running managers.

The company has granted the underwriters a 30-day option to purchase up to an additional 1.3 million shares of its common stock to cover over-allotments.

Regency plans to use the net proceeds from the offering, of around $269.4 million, 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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