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South Florida

Big change at Florida REIT

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Regency Centers Corp., a Jacksonville-based operator of 48 shopping centers nationwide, has replaced Mary Lou Fiala as president of the retail REIT. Chief investment officer Brian Smith has been appointed president of Regency, and chief financial officer Bruce Johnson has been named executive vice president. Fiala will remain on board as COO and vice chairman until her retirement at the end of the year, the company said. Peter Sharpe, president and CEO of Toronto-based Cadillac Fairview Corp., has been nominated to succeed Fiala.