NORWOOD, OH-Centro Properties Group is spending $13 million to convert the partially enclosed Surrey Square Mall here into a lifestyle center with a new 76,000-sf Kroger supermarket as the largest anchor. The property is at Montgomery Road and Sherman Avenue.

The center will be about 176,433 sf when its completed, says Mike Carroll, COO with Centro. “Kroger is in an undersized 40,000-sf space at the mall now, and they want to move into this new prototype store,” Carroll tells GlobeSt.com. “It’s really an obsolete layout, there’s no real reason to have an enclosed mall in this type of setting. Putting Kroger in this right-size store will help drive traffic to the center.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.