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InvenTrust buys adjoining centers in Pembroke Pines


Acquisition-minded Inventrust Properties has announced the purchase of two adjoining centers in Pembroke Pines, Florida, for a total of $163 million. Following completion of an expansion project later this year, the two will total 389,000 sq. ft.

The dominant Westfork Plaza is anchored by Costco and Regal Cinemas and includes Ross Dress for Less, T.J. Maxx, and Petco. The adjoining Paraiso Parc is a Publix- anchored center with restaurants including Firehouse Subs and necessity-based retail.

“The acquisition of Paraiso Parc and Westfork Plaza represents a truly unique opportunity to secure an A-plus asset in one of South Florida’s strongest retail submarkets,” said InvenTrust COO Michael E. Podboy.

More such purchases are on the horizon, Podboy said.

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