Thompson REIT Lands $18M Atlanta-Area Shopping Center

Law360, New York (December 22, 2011, 3:58 PM EST) -- TNP Strategic Retail Trust Inc., the REIT arm of real estate investor Thompson National Properties LLC, has acquired a grocery-anchored shopping center outside Atlanta valued in regulatory filings at $18.3 million, the company announced Thursday.

The 105,000-square-foot Summit Point Shopping Center in Fayetteville, Ga., is 88 percent leased to a mix of national and local tenants including Verizon Wireless, Subway and Chase, TNP said. A Publix Market grocery store is the anchor tenant.

TNP did not say how much it had paid, but a regulatory filing...
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