ATLANTA—The Plaza at Midtown, a 70,000-square-foot Publix-anchored center located in the Midtown submarket of Atlanta, has traded hands. The sale price: $31.8 million.
InvenTrust Properties Corp. acquired the retail center. Including the grocery anchor tenant Publix, the retail center features a number of high performing up-scale and casual dining restaurants and Internet resistant services including fitness and beauty and wellness tenants.
“Securing a Publix-anchored center in the exciting Midtown market was a unique opportunity for InvenTrust Properties to enhance our retail portfolio,” Michael E. Podboy, executive vice president, CFO and CIO of InvenTrust. “This acquisition demonstrates our continued progress to build a portfolio with the right properties in the right markets.”
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