from staff
Regency Centers, a national owner, operator and developer of grocery-anchored and community shopping centers, has recently promoted two members of its staff on the east coast.
Barry Argalas has been promoted to Regency Centers senior vice president of national acquisitions and dispositions. Previously, Argalas held the position of vice president of national acquisitions and dispositions. Argalas is in the Jacksonville office and has been with Regency for 11 years. According to Brian Smith, Regency Centers managing director and chief investment officer, since 2001, Argalas has sold 124 properties and has either personally closed or been instrumental in recent major property acquisitions. Last year, Argalas sourced and closed a record number of third-party acquisitions, which exceeded the goal for the entire national acquisitions team.
“Barry’s versatility, sense of team play, ability to operate independently and to persist in the face of significant complexities is evident in his transactions. He has proven to be a tremendous ambassador for the company in his dealings with our joint venture partners,” said Smith. “Barry conducts himself in a professional and impressive manner, and has earned the trust, confidence and respect of our institutional co-investment partners.”
Alan Roth has been promoted to Regency Centers senior vice president of operations for the Northeast Region. Located in the Washington, D.C. office, Roth was previously Regency’s vice president and regional officer.
In his new role, Roth will be responsible for overseeing the operations of the company’s Northeast retail shopping centers. According to John Delatour, Regency Centers managing director, Roth has been instrumental in the creation of the mid-Atlantic portfolio on both the operations and development side.
“Soon after joining Regency Centers, Alan was Regency’s top leasing producer from 1999 to 2001. His business production capabilities were immediately evident, as was his innate team leadership style, and optimistic approach to solving tough challenges,” said Delatour. “Alan continually steps up to whatever challenge the company may find and achieves the highest level of results. I know that these increases in responsibilities will be just another opportunity for Alan to excel.”
Roth helped the company’s Washington, D.C. office grow its staff of three employees with two shopping centers to a current staff of 40 employees and 56 shopping centers and was critical to the acquisition and absorption of the First Washington shopping center portfolio. Roth received the 2003 Martin E. Stein Sr. Award, which is based on character, leadership and results.
“We are very proud of our team and their outstanding accomplishments, and welcome them to their new positions at Regency Centers,” said Delatour.
As of June 30, Regency owned 413 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed nearly 55 million square feet located in top markets throughout the United States. Since 2000, Regency has developed 177 shopping centers, including those currently in process, representing an investment at completion of approximately $2.9 billion.