Regency Properties is the proud recipient of the 2015 Gibson County Community Business Impact of the Year Award. The award was received by Regency representatives at the chamber’s annual banquet held in Princeton, Ind. on November 4. The chamber recognized Regency Properties’ ongoing investment to improve the Town Fair shopping center located on West Broadway in Princeton. Through its connection with national retailers and expertise in county seat communities, Regency was able to attract additional nationally-known retailers, providing new shopping opportunities to the residents of Gibson County. In addition, Regency made a significant investment to improve the exterior façade of the shopping center, greatly improving the aesthetic appeal of the community’s principal shopping center.
The award is presented each year to an organization that has made a substantial impact on the community. Princeton area business leaders recognized Regency’s efforts and commended the entire Regency staff for their persistence and dedication to improving Town Fair. When the center was first purchased by Regency in October 2014 the vacancy rate was at 36%. Since acquiring, Regency has reduced that rate to less than 4%. Town Fair has welcomed two new tenants, Maurice’s and Wings Etc. Additionally, Hibbett’s Sports has completed an expansion of its store. The center is expected to be at full occupancy by the end of 2015 and has potential for future expansion.
“The Gibson County Chamber of Commerce is so pleased to honor Regency Properties as our 2015 Business Impact of the Year Award winner,” stated Karen Thompson, executive director of the Gibson County Chamber of Commerce. “Regency Properties has made a huge difference to our west side shopping area which complements improvements to our downtown. These improvements will continue to attract business and people to our community and the commitment of partners like Regency Properties is essential to our progress. The Chamber is proud to recognize the quality investment Regency Properties has made in Princeton.”
“Regency Properties is honored and humbled to receive this award. We specialize in owning and operating shopping centers in county seat communities like Princeton because we see the potential that can be achieved when investing in these communities,” remarked Regency President & CEO Kevin Hammett. “As our mission statement states, Regency Properties is committed to satisfying the needs and wants of consumers within our defined markets while providing an attractive return to our investors, employees, business partners and communities.”