ATLANTA-TNP Strategic Retail Trust closed out 2011 with 11 acquisitions. The public, non-traded REIT’s grand finale was the Summit Point Shopping Center in Fayetteville. Financial terms of the deal were not disclosed.

Summit Point Shopping Center is a neighborhood, grocery-anchored shopping center. Built in 2004, Publix anchors the center. The asset is nearly 88% occupied by a balanced mix of national and regional tenants, including Verizon Wireless, Subway, Wendy’s, Chase, Fantastic Sams and Curves, among others.

“Fayette County continues to be a prime growth area of South Atlanta with an expected population growth of more than 13% in a three-mile radius within the next five years, according to Jones Lang LaSalle,” Steve Corea, Thompson National Properties' senior vice president, acquisitions, said in a statement. Summit Point Shopping Center is a high-end bedroom community within metro Atlanta, 20 miles south of downtown.