Food City Inks First Deal at Market at Town Creek

LENOIR CITY, TN-Grocery chain Food City has inked a 44,032-sf, 20-year lease for the 225,000-sf Market at Town Creek located just off Interstate 75 and Highway 321. This is the first tenant signed for the project, which is under construction.

The first phase, expected to be completed in the fall, will serve as a gateway to a master development called Town Creek. When built out, the Town Creek project will have at least five components: the Market at Town Creek, a medical facility, a residential mixed-use community, a commercial property and a big-box development.

Roswell, GA-based Mimms Enterprises, the developer of the Market at Town Creek, negotiated the lease with Food City. Mimms is working with John Forster, of the Nashville-based Shopping Center Group, and Keith Widmer, of Knoxville-based First Commercial, to lease the remainder of the space at the shopping center. Local retailers, a national soft goods retailer, a national office supply retailer and a national pet retailer are being targeting.