The centers involved in the transaction are John's Creek Center,a Publix-anchored center in Jacksonville, FL; Signal Hill ShoppingCenter, a Shoppers Food Warehouse-anchored center in Manassas, VA,and; Hollymead Town Center, a Harris Teeter and Target-anchoredcenter in Charlottesville, VA.

Regency invests with OPERF through three co-investmentpartnerships collectively known as Columbia, according to SECfilings. OPERF's interests in the partnerships range from 70% to80%. As of the end of 2007, the Columbia funds owned 28 shoppingcenters, had total assets of $648.2 million, and net income of$12.7 million for the year ended. During 2007, Columbia acquiredeight shopping centers for a purchase price of $88.7 million, netof $15.2 million of assumed debt and $31.1 million in financingobtained by Columbia.

Regency, which has interests in approximately 58.9 million sf ofretail in 443 retail properties, also announced on Friday thecontribution of another property to its open-end fund, RegencyRetail Partners. The asset, Silver Spring Square, a Wegmans andTarget-anchored center in Harrisburg, PA, was valued at $74.5million for the transaction. The price represents a weightedaverage cap rate of 6.83%.