Thompson Thrift Retail Group Announces Closing on Last Outlot in Concord, NC
February 4, 2019
Concord, NC
Thompson Thrift Retail Group (TTRG) announced today the closing on construction financing for the last undeveloped lot located in front of their Christenbury Corners retail development in Concord, North Carolina. The new site, located at Christenbury Parkway & Derita Road, will be home to two multi-tenant buildings and include Aspen Dental, First Watch, and Brownlee Jewelers.
Construction slated to begin on outlot 5 at Christenbury Corners
“We are extremely excited to bring the 2 final buildings out of the ground at this development. We began assembling the land for the entire shopping center, with Thompson Thrift Retail Group (TTRG) back in 2013, and after 6 years it is definitely rewarding to see the final product completed with these last 2 buildings. The leasing demand has far outpaced anyone’s initial expectations, and we are continuing to be surprised by the tenant’s, higher than expected sales performance in the development.” States Andy Misiaveg and Darrell Palasciano, the Landlord third party leasing representatives, at The Shopping Center Group, LLC.
“The growth of the Concord market, and overall success of Christenbury Corners, continues to drive TTRG’s desire to be a part of this community.” Stated Ryan Menard, Vice President, Director of Development, TTRG. “In our eyes, North Carolina, and specifically the greater Charlotte market, is full of opportunity for new and redevelopment.”
Construction on the multi-tenant buildings is scheduled to commence in Q2 2019 with tenant openings expected in Q4 2019.
