Whole Foods at The Shoppes at Fairview in Fairview, Texas
FAIRVIEW, TX / ROYAL PALM BEACH, FL – InvenTrust Properties Corp. has acquired two grocery-anchored shopping centers in Texas and Florida.
The first of the acquisitions, includes The Shoppes at Fairview, a 67,500-square-foot center in Fairview, Texas. The property, located in a suburb of Dallas, features a Whole Foods, Capital One, Jos. A. Bank and a forthcoming multi-tenant building, opening this summer. The second acquisition is Southern Palm Crossing, a 346,200-square-foot center in Royal Palm Beach, FL, offering a Costco, Marshalls, Homegoods and 24 Hour Fitness. The properties were purchased for $36 million and $97 million, respectively.
Following the recent transactions, InvenTrust has acquired a total of $280 million in grocery-anchored centers so far this year. The company claims it is currently on target to hit its 2019 acquisition goals.
InvenTrust Properties Corp. is a retail REIT, focused on acquiring grocery-anchored, open-air centers in key growth markets. The company owns and manages 73 retail properties across 12.3 million square feet, as of March 31, 2019.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
