Premier shopping center, Thompson Square in Tupelo trades hands

ATLANTA, Nov. 15, 2024 – JLL Capital Markets announced today that it has closed the sale of Thompson Square, a 69,448-square-foot retail center located in Tupelo, Mississippi.

JLL represented the seller, Midland Atlantic Properties. The buyer was The Mishra Group.

Thompson Square, located at 960 Barnes Crossing Rd., is anchored by an established and high-performing Kroger, and features an array of national and regional shop tenants including Enterprise, Buff City Soap, Republic Finance and Allstate, along with a high-performing Chick-Fil-A.

The 100% occupied retail center sits at the heart of the Tupelo retail hub, Mississippi’s 3^rd most visited retail node and serves a broad trade area across the northern portion of the state.

JLL Capital Market’s Investment and Sales Advisory team was led by Managing Director Brad Buchanan, Senior Managing Director Jim Hamilton and Analyst Anton Serafini.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Midland Atlantic Properties is a full-service retail real estate firm with offices in Cincinnati and Indianapolis. The company is active in the acquisition, development, leasing and management of retail properties throughout the Midwest, Mid-Atlantic and Southeast states. As experienced owners, developers and brokers – its team has the national retailer contacts and extensive market knowledge to help best position properties and tenants for success.

The Mishra Group is a privately held, family-operated commercial real estate investment firm based in Houston, Texas. Specializing in acquiring, managing and leasing diverse commercial properties across the Southern United States, they focus on thriving markets with strong demographics. Their commitment to long-term tenant success fosters growth and delivers exceptional returns.