Project anchored by 96,000 square foot Kroger
SMYRNA, Ga., February 8, 2011 — Westchester, Ill.-based Tri-Land Properties, Inc. announced today that the redevelopment of The Crossings at Four Corners has officially begun in Smyrna, Ga. Eight acres of the project will be home to a 96,000 square foot Kroger, the company’s largest grocery store in the Atlanta market. Tri-Land Executive Vice President Hugh Robinson made the announcement.
“We’re thrilled to bring The Crossings at Four Corners to the residents of Smyrna and the surrounding region,” said Robinson. “The project will breath new life into the South Cobb Drive corridor, bringing great new retailers to the market. Many thanks go to the City of Smyrna and our lender Cole Taylor for making the redevelopment of The Crossings a reality.”
In addition to the new Kroger, the redevelopment The Crossings at Four Corners will include the installation of a traffic light at the North property line of the project and South Cobb Drive, the renovation of 60,000-square-feet of retail space and the development of eight outparcels available for sale or lease; as well as a 25,000 square foot pad available for a new anchor tenant, located adjacent to Kroger. Currently 153,000-square-feet, the completed center will reach 230,000-square-feet. Tri-Land de-tenanted the project prior to the launch of redevelopment. For leasing information, please contact Tri-Land Properties, Inc. at 800.441.7032.
The Crossings at Four Corners Kroger is replacing a 42,000 square foot, 40 year-old store located across the street. The new Kroger store will offer a fuel station, bakery and deli products, a floral department, a wine shop and drive-thru pharmacy.
The project is slated for a mid-November 2011 completion and Kroger opening. For more information, visit www.crossingsatfourcorners.com.
Tri-Land Properties, Inc. owns and manages more than 2.8 million square feet of commercial retail space, located in the Midwest, Mid-Atlantic and Southeastern regions of the country. The Westchester, Ill-based firm is a full-service, real estate development/redevelopment company focused on successful acquisition, development, renovation and management of community centers ranging in size from 100,000 square feet to 750,000 square feet. Tri-Land specializes in transforming distressed and undervalued properties into dynamic commercial centers with increased value that generate steady consumer traffic and provide substantial investor returns.