U.S. Properties Group Completes Another Redevelopment Project – Knoxville, Tennessee

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KNOXVILLE, Tenn.–(BUSINESS WIRE)–U.S. Properties Group (USPG) is again in the spotlight for another huge
project completion in mid-September 2016. The redevelopment of
Crossroads Center in Knoxville, TN is in the final stages of completion,
leased, and ready to serve the community. The 90,000 SQFT of a vacant
Walmart has been transformed into another one of U.S. Properties Group’s
successes. Rural King – America’s Farm and Home Store anchors the new
value-oriented community center (opening date slated for mid-September).
Ingles Markets, Bargain Hunt, and Workout Anytime Fitness round out 90
percent of the big box spaces (25,000 SQFT big box space is still
available.) Crossroads Center is another fresh retail hub in the area
and expands guest choices in the Halls, TN community shopping district.
Ingles Markets boasts 50 years of solid sales growth, attributed to its
base of loyal customers, great prices, selection, and value. Rural King
has over 85 stores in 10 states. Its outstanding and diverse product mix
appeals to every consumer farm to fashion, while offering 50 years of
guest service traditions including free popcorn and coffee daily.
Workout Anytime Fitness has over 100 locations and the 6800 SQFT gym
will have workout equipment, weights, hydro-massage, and tanning.

The extensive makeover and complete redevelopment of the center’s
exterior includes all buildings, buildouts, upgraded signage, parking
lot renovations, landscaping, and Green energy inspired LED parking lot
lighting. Additional projects are slated and ready to roll out.

Gord Wiebe, Director of U.S. Properties Group, states: “Wow! That
about sums it up — another big project in the win box for us and the
city of Halls, TN. We really have a great team of professionals to be
able to undertake such a project and exceed even my expectations. I love
revitalizing and building communities.”

The Crossroads Center is comprised of more than 242,430 SQFT of retail
space and is approaching full. With this renovation, U.S. Properties
Group anticipates demand for space in the project to increase.
Crossroads Center offers an A+ location with high visibility, prime
signage and favorable rents in the Knoxville North area off Highway 441.

Cindy Hicks, VP of Leasing for U.S. Properties Group, adds: “We
have transformed this center and look forward to more national and local
retailers joining us to complete this shopping district.”

U.S. Properties Group has acquired and improved “value add” shopping
center assets since 2002. Crossroads Center is just another all-around
win for U.S. Properties Group and the city. The increased tax base and
sales tax revenues aide local schools, police, fire and roadways.
The property supports over 30,000 residents with HHI in excess of
$72,000.

U.S. Properties Group is a growing company, owning approximately four
million SQFT of shopping centers in 11 states, covering the midwest and
southeast United States, which includes Alabama, Georgia, Illinois,
Michigan, North Carolina, North Dakota, Ohio, Pennsylvania,
South Carolina, Tennessee, and Virginia. U.S. Properties Group core
philosophy is — Renovating Real Estate and Revitalizing Communities.

Visit: http://shopatcrossroadscenter.com/

Contacts

U.S. Properties Group
Gordon Wiebe, 403-923-4343
gwiebe@uspginc.com
www.uspginc.com
or
For
all leasing inquiries:
Cindy Hicks, VP Leasing, 803-407-4555
chicks@uspginc.com