IRVINE, CA /PRNewswire/ -- TNP Strategic Retail Trust, Inc. (the "Company"), a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties, announced the acquisition of Osceola Village (top left photo), a 116,645-square-foot retail center in Kissimmee, Florida. The retail center was purchased directly from the construction lender.
"Rarely does this type of opportunity present itself to purchase the dominant grocery anchor in a growth market like Orlando," said Thompson National Properties' CEO, Anthony W. "Tony" Thompson (middle right photo). "SRT succeeded against stiff competition and closed in under 30 days."
Constructed in 2008, Osceola Village is 77 percent occupied and anchored by Publix with a lease expiration in 2028 and hhgregg with a lease expiration in 2018. The property is located at the intersection of Osceola Parkway and Dyer Boulevard, approximately 6.5 miles from Walt Disney World, on a 23.7 acre site that includes seven fully improved outparcel pads that total 9.5 acres.
For more information regarding TNP Strategic Retail Trust, please visit http://www.tnpsrt.com/.
For more information regarding Thompson National Properties, please visit http://www.tnpre.com/.
CONTACT: Jill Swartz, +1-949-833-8252 ext. 123, js@tnpre.com
Web Site: http://www.tnpsrt.com/
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