REGENCY FOCUSING ON 'A' PLAYERS

We've got a final comment from our recent Philadelphia Retail Real Estate Summit at the Rittenhouse Hotel. And it comes from Regency Centers' John Hricko. John told our audience of more than 250 that Regency plans to unload many of its retail centers this year. “We're going to continue to dispose of our B and C-plus centers and try to acquire A-plus centers,” he says. John noted it's difficult for Regency to add any value to the B and C centers. So far, it has First State Plaza, a 165k SF shopping center in Delaware, on the market for an undisclosed price.

Continue reading this story with a free account

Log in or register
Related Topics: John Hricko , Rittenhouse Hotel
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Loudoun County Moves To Pause Data Center Applications For 12 Months

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Northern Virginia Office Tower Sells For Double Its 2024 Price

Philly Has The Fundamentals. Now It Has To Reduce The Risk Of Building

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Apartments Kick Off New Era Of Mixed-Use Activity In Philly Navy Yard

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet