Regency Centers Corp. is one of the largest U.S. owners, operators and developers of shopping centers. Headquartered in Jacksonville, Florida, the company, including joint ventures and the recent acquisition of Urstadt Biddle, operates about 482 shopping centers with more than 56 million square feet of gross leasable space. Regency's portfolio focuses on urban and first-ring suburban areas with high trade and traffic. Eighty percent of Regency's shopping centers are anchored by major grocery store chains, such as Kroger and Publix. Anchors also include retailers TJ Maxx and Petco. Prior to recent acquisitions, which will add assets in the New York metro region, about half of the company's portfolio was in California and Florida. After the acquisition, the region accounts for about 35% of its property