EXHIBIT 23.5
 
                    CONSENT OF PRUDENTIAL SECURITIES, INC.
 
                                                                October 6, 1998
 
Regency Realty Corporation
121 West Forsyth Street, Suite 200
Jacksonville, FL 32202
 
Dear Sirs:
 
  We hereby consent to the use of our opinion letter to the Special Committee
of the Board of Directors of Regency Realty Corporation ("Regency") included
as Annex B to the Joint Proxy Statement and Prospectus which forms a part of
the Registration Statement on Form S-4 of Regency relating to the proposed
merger of Pacific Retail Trust with and into Regency, and to the references to
such opinion in such Joint Proxy Statement and Prospectus under the captions
"The Merger--Opinion of Financial Advisor of REGENCY;" "The Merger--Background
of The Merger," "The Merger--Reasons For The Merger; Recommendations Of The
REGENCY Board;" and "The Merger--Opinion of REGENCY's Financial Advisor." In
giving such consent, we do not admit that we come within the category of
persons whose consent is required under Section 7 of the Securities Act of
1933, as amended, or the rules and regulations of the Securities and Exchange
Commission thereunder, nor do we thereby admit that we are experts with
respect to any part of such Registration Statement within the meaning of the
term "experts" as used in the Securities Act of 1933, as amended, or the rules
and regulations of the Securities and Exchange Commission thereunder.
 
                                       Very truly yours,
                                       PRUDENTIAL SECURITIES INCORPORATED
 
                                              /s/ Allen S. Morton
                                       By:____________________________________
                                               Managing Director