Caro, Mich. — Regency Properties has acquired two shopping centers in Caro totaling 115,623 square feet: Caro Centre and Sugarcreek Plaza.
The sales price and seller were not disclosed. The 71,706-square-foot Caro Centre is home to tenants including Family Dollar, Peebles, Goodwill and Caro Ace Hardware. Regency Properties plans to invest approximately $200,000 to renovate the property’s façade. Sugarcreek Plaza totals 43,916 square feet and is home to two tenants — Tractor Supply Co. and Save-A-Lot. In addition, the property includes a 0.82-acre outlot that is available for development.