SAN ANTONIO--InvenTrust Properties Corp. has acquired Sonterra Village Shopping Center, a newly-built 42,492-square-foot shopping center in San Antonio for approximately $21.5 million.

"The acquisition of Sonterra Village is complementary to our four existing properties in the highly-attractive and fast-growing San Antonio market, and we are pleased to enhance our portfolio with this strong asset," Christopher Covey, senior vice president of transactions, InvenTrust Properties Corp., told GlobeSt.com. "InvenTrust considers San Antonio one of our core markets and we continue to look for open-air centers in the region.

"Sonterra Village is strategically located in one of InvenTrust's target markets. We believe the combination of retailers, geographic location and demographic attributes of this property will drive significant value over the long term. Importantly, this acquisition is aligned with our objectives of acquiring high performing retail assets and growing in strong locations that have job and population growth."