Real estate developer Midland Atlantic has acquired Maysville Market Square, a 126,000-square-foot retail center in Maysville, Ky., for $8.7 million.
The property, purchased from Kimco Realty Corp., is located at 381 Market Square Drive. Built in 1993, the property was anchored by a Kroger grocery store at closing, along with JCPenney, Fashion Bug, Hallmark, RadioShack and GNC.
Midland Atlantic is planning capital improvements for the property, including building enhancements, parking lot improvements and landscaping.
At the time of sale, Maysville Market Square had five spaces available for lease, ranging from 1,000 to 6,000 square feet.
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