Regency Properties received the 2024 Preble County Community Improvement Award for initiatives at the Eaton Center shopping center in Eaton, Ohio.
Regency helped bring in new retailers and modernized the appearance and functionality of the property. The award was received by Regency Properties at the Preble County Chamber of Commerce Annual Gala on Jan. 18.
The Preble County Chamber of Commerce recognized Regency Properties’ investment and interest in the community of Eaton, Ohio and noted that without the contributions and hard work of the Regency Properties team, the accomplishments at Eaton Center would not have been possible.
Regency acquired the 135,223-square-foot Eaton Center in December of 2022.
At the time of acquisition, the center’s lead tenants were Tractor Supply, Kroger, and Auto Zone; but the center’s vacancy was 29.38%. Within nine months after the acquisition, Regency signed leases with Goodwill, Gaia’s Blessings and Penn Station to improve the tenant mix and, in the process, lower the vacancy to 19.51%.
