ShopOne Acquires Conyers Commons
CONYERS, GA, October 10, 2017 – ShopOne Centers REIT Inc. (“ShopOne”), a private real estate investment trust (“REIT”) focused on acquiring, operating and managing market-dominant, grocery-anchored shopping centers, today announced the acquisition of Conyers Commons, a 118,420-square-foot shopping center located in Conyers, Georgia. The greater-Atlanta shopping center is anchored by Ross Dress for Less and Target, and also features national tenants including FedEx Office, Mattress Firm, Panda Express and Kirkland’s Home.
“Conyers Commons bolsters ShopOne’s growing portfolio and displays our commitment to acquiring and managing top-quality properties,” said Michael Carroll, Chief Executive Officer of ShopOne. “We are excited to provide a great shopping experience for the community by employing our proven, hands-on approach to asset and property management to enhance the center’s value and appeal.”
Conyers Commons, a property featuring two buildings on a 12.5 acre site with historically strong occupancy, is conveniently located along U.S. Route 20, a major north/south travel artery in Georgia. Conyers is known for its world class equestrian facility and it is also a popular filming location for movies and television shows due to the scenic and historic town. The area enjoys a strong demographic profile with a median household income that exceeds the national average.
About ShopOne Centers REIT Inc.
ShopOne Centers REIT Inc. is a private real estate investment trust that is focused on acquiring, operating and managing market-dominant, grocery-anchored shopping centers in densely populated, fundamentally strong markets across the country. ShopOne and its affiliates own and/or manage 46 shopping centers in eight states with more than 4.65 million square feet of gross leasable area. Many of the nation’s leading necessity-based retailers including Kroger, Target, and TJX call ShopOne’s properties home.
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