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 p... Read more →
More retail is in the works for the Anson development in Whitestown.
Midland Atlantic Development Co. LLC has filed plans for four retail buildings on a 6.4 acre property near the northeast corner of Whitestown Parkway and Perry Worth Road, along Interstate 65.
The project could cost $13 million to $15 million, according to managing principal Aaron Boyle.
The exact size of each building has not been determined, but the total project could add up to 30,000 square feet.
“We are in discussions with multiple restaurant operators and retailers, and since the site is right off of I-65, we expect restaurants to be the predominant use,” Boyle said in an email.
No tenants have been identified yet.
Click here to rea... Read more →
TRANSACTION SUMMARY
Midland Atlantic Properties is excited to announce the acquisition of The Marketplace at Anson. The 38,373 square foot center, shadow anchored by Lowe's, Meijer and CVS Pharmacy, is an exemplary addition to our portfolio of retail centers.
The Marketplace at Anson is part of the master planned Anson community that spans over 1,700 acres. As a Live-Work-Play community, the Anson area boasts over 3,500 employees, is home to Amazon, Express Scripts and GNC headquarters. It is also recognized as the fastest growing community in the state.
DEAL HIGHLIGHTS
Total Shopping Center GLA: 38,373
96% Occupancy at Time of Purchase
Seller: Duke Construction Limited Partnership
T... Read more →
Patrick Boyle of Midland Atlantic Properties was the exclusive listing broker for Town Fair Center. Representing the owner, Bedford ABG, LLC (DBA Rural King), Patrick was responsible for the lease-up and sale of the shopping center. Click here for deal highlights
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COMMUNITY FOCUS
Midland Atlantic Properties is excited to assist Strategic Capital Partners in their partnership with Purpose Built Communities in developing The Shops at Avondale Meadows. This new development is anchored by Save-A-Lot grocery store and Goodwill and offers 1,200 to 12,600 square feet of additional retail space for lease and outlots available for sale, lease or built to suit.
Click here for additional information.
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Cincinnati, Ohio - Midland Atlantic Properties is pleased to announce the acquisition of three dominant anchored shopping centers. All three property transactions closed within the first 2 months of 2016.
Midland Atlantic Properties acquired Troy Towne Center, a 144,000 square foot center anchored by Kohl’s, Petco and Dollar Tree. The center is located in Troy, Ohio, a strong regional retail hub located approximately 20 miles north of Dayton. The project is shadow anchored by a Walmart Supercenter and it is surrounded by numerous retail outparcels. Other tenants at Troy Towne Center include Shoe Carnival, Sleep Outfitters, Verizon and numerous national and regional small shop retailers. Midland Atlantic wi... Read more →
Fishers, Indiana – Midland Atlantic Properties is pleased to announce that construction has completed at Deer Creek Shoppes and it is fully leased. The tenants include, Arby’s and Classic Cleaners, which are open for business, Which Which Superior Sandwiches, with a grand opening the week of January 18th, and The Sleep Shop, which plans on opening the first of February.
This 7,500 square foot retail center, developed by Midland Atlantic Properties in 2015, is located in one of Central Indiana’s most sought after trade areas. The site, adjacent to Hamilton Town Center and Saxony, offers excellent visibility and easy access from I-69, Olio Road and State Road 238 (Campus Parkway), in Fishers, IN.
Patrick Boyle and... Read more →
Fishers, Indiana – Midland Atlantic Properties is pleased to announce the ground lease of 1.6 Acres to Chick-fil-A. Midland Atlantic was represented in house by Jeff Hubley and Patrick Boyle. Chick-fil-A was represented by Allison Hawley of Niessink Commercial Real Estate. The new 4,876 square foot location at 14098 Bergen Blvd, Noblesville, IN held a grand opening Nov. 19th.
Chick-fil-A has steadily grown to become the largest quick-service chicken restaurant chain in the United States, based on domestic annual sales with over 1,900 locations in 42 states and Washington, D.C. In 2014, annual sales were nearly $6 billion. Chick-fil-A is still privately held and family owned. With 47 consecutive years of positive sales gro... Read more →
Muncie, Indiana – Built in March 2014, Muncie Marketplace was developed by Midland Atlantic Properties. Fully leased by national credit tenants, Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Men’s Wearhouse, AT&T and Jersey Mike’s Subs, the development was completed with all tenants opening between Fall 2014 and Spring 2015, then sold to American Realty Capital Partners in June 2015.
The 77,871 square foot retail development offers a superior real estate position. Muncie Marketplace is situated on the primary traffic artery (McGalliard Road) at a signalized intersection (Barr Street) which serves as an entrance to the adjacent Muncie Mall (a Simon owned enclosed mall), Target a... Read more →