InvenTrust Announces Renovation of the Thomas Crossroads Shopping Center
Friday, October 16th, 2020
InvenTrust Properties Corp., a retail REIT with a focus on acquiring and managing grocery-anchored open-air centers in Sun Belt markets, announced today the renovation of the Thomas Crossroads shopping center in Newnan, Ga., a suburb of Atlanta. InvenTrust Chief Operating Officer Ivy Z. Greaner made the announcement.
Renovation of the 105,000-square-foot Kroger-anchored shopping center includes an overhaul to the building's façade, with a particular focus on upgrading the columns and paint schematic and outfitting the under canopies with LED lighting. Landscaping enhancements and sidewalk improvements are also slated for the center.
“The Thomas Crossroads shopping center is located in a highly visible, well-established market with strong demographics and a desirable tenant mix that serves the community well,” said Greaner. “The center was last renovated in 2008, and InvenTrust acquired the property in 2009, so the time is right to make this investment. This renovation is part of an ongoing redevelopment strategy, which continues to elevate our assets across the InvenTrust portfolio.”
Construction commenced October 7 and is slated for completion by the end of November. Additional tenants at Thomas Crossroads include Great Clips, Farmers Insurance, Pizza Hut, Subway, McDonald’s, and a variety of locally-owned service and dining options. Additional spaces, ranging from 1,050 to 4,224 square feet, are available for lease at the center.