Real Estate and Development News

Midland Atlantic Properties Acquires Kroger Anchored Shopping Center

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Midland Atlantic Properties Acquires Kroger Anchored Shopping Center

Cincinnati, Ohio - Midland Atlantic Properties is pleased to announce the acquisition of Thompson Square, a Kroger anchored shopping center, located in Tupelo, Mississippi.

 

Thompson Square is 69,448 square feet center anchored by Kroger.  Kroger is the dominant grocer in the market and this is a high sales volume store.  The center also includes a Kroger Fuel Center and many national and local tenants including Once Upon A Child, Enterprise Rent-A-Car, Republic Finance, Allstate and others.

 

The shopping center is located in Tupelo, a regional hub in Northern Mississippi.  Thompson Square is very well located in the city’s prime retail node.  Outparcels include Chick-fil-A, Pizza Hut, and Taco Bell and the center sits adjacent to Metro Ford Auto Sales, one of the premier dealerships in the area.

 

The Kroger store is scheduled for a store remodel in 2017 and Midland Atlantic Properties investment plan includes numerous physical upgrades to enhance Thompson Square for the tenants and customers.

 

Midland Atlantic Properties is actively seeking grocery anchored shopping center investment opportunities in small to large markets located in the Midwest, Southeast and Mid-Atlantic.   Please contact Chris Palermo with opportunities (513.792.5000 / cpalermo@midlandatlantic.com).


 

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