Clearly, InvenTrust sees the Atlanta area as one of the “right markets.” The firm also owns Buckhead Crossing in Atlanta, Coweta Crossing and Thomas Crossroads in Newnan, GA, Hiram Pavilion in Hiram, GA, Rose Creek in Woodstock, GA, Windward Commons in Alpharetta, GA, and The Centre on Hugh Howell in Tucker, GA.

“The Plaza Midtown is located in an ideal neighborhood with diverse demographics and anchored by a strong performing Publix,” Podboy. “We anticipate that this accretive transaction will drive long term value as we continue to focus on enhancing our portfolio with premier assets in the Sun Belt region.”

(How are lifestyle centers differentiating themselves? Get some thoughts here.)

The Midtown Atlanta trade area includes the Georgia Tech's innovation hub with Tech Square, which attracts entrepreneurs and students. There's a dense, highly-educated residential population is. Over 400 premium units situated above the retail property.

“This is a compelling transaction given the significant annual sales growth and built-in customer base of Publix,” says Christopher Covey, senior vice president of transactions for InvenTrust. “The property is adjacent to Georgia Tech University and within a major employment hub that will provide favorable and consistent traffic to the center.”

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.”

(How can you avoid omini-channel retail challenges? Check this out.)

Clearly, InvenTrust sees the Atlanta area as one of the “right markets.” The firm also owns Buckhead Crossing in Atlanta, Coweta Crossing and Thomas Crossroads in Newnan, GA, Hiram Pavilion in Hiram, GA, Rose Creek in Woodstock, GA, Windward Commons in Alpharetta, GA, and The Centre on Hugh Howell in Tucker, GA.

“The Plaza Midtown is located in an ideal neighborhood with diverse demographics and anchored by a strong performing Publix,” Podboy. “We anticipate that this accretive transaction will drive long term value as we continue to focus on enhancing our portfolio with premier assets in the Sun Belt region.”

(How are lifestyle centers differentiating themselves? Get some thoughts here.)

The Midtown Atlanta trade area includes the Georgia Tech's innovation hub with Tech Square, which attracts entrepreneurs and students. There's a dense, highly-educated residential population is. Over 400 premium units situated above the retail property.

“This is a compelling transaction given the significant annual sales growth and built-in customer base of Publix,” says Christopher Covey, senior vice president of transactions for InvenTrust. “The property is adjacent to Georgia Tech University and within a major employment hub that will provide favorable and consistent traffic to the center.”