Centro Spends $15M, Adds to 330,000-SF Center

DAYTON, OH-Centro Properties Group is finishing up on a year-long $15 million redevelopment of the 330,000-sf South Towne Centre here, at 2004 Miamisburg-Centerville Rd. The 36-year-old property has had a few tenant additions, including a Christmas Tree Shops that will take 32,000 sf, helping to lease up a former 98,000-sf Kmart building.

The Christmas store is mostly located in the Northeast, and this is the first move west for the company. Other new stores include Burlington Coat Factory, JoAnn Fabrics, Health Foods Unlimited, PetSmart, Value City Furniture, Qdoba, Regency Beauty and Skeffington’s Formal Wear, as well as a 4,200-sf Fifth Third Bank. Existing tenants include Half Price Books, Computer Zoo and Leslie’s Poolmart.

There are 33 stores total in the center, which is adjacent to the 1.3-million-sf Dayton Mall, owned by Glimcher Realty Trust. About 61,000-sf is available at South Towne, according to the company’s Web site.

Centro officials said in a statement that the redevelopment project included site improvements and upgrades including a façade renovation, new parking lot asphalt, upgraded illumination for the parking lot and walkways, new concrete islands and refreshed landscaping. A company official could not be reached for comment.