InvenTrust increases footprint in San Antonio MSA

San Antonio, Texas -- InvenTrust Properties Corp. announced that it has acquired Sonterra Village Shopping Center, a newly constructed, 42,492 sq. ft. shopping center located in San Antonio, Texas, 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,” said Michael E. Podboy, executive VP – CFO, CIO for InvenTrust. “The center’s ABR and income demographics are accretive to our retail portfolio of assets.”



Christopher Covey, senior VP of transactions, added: “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.”



Sonterra Village is anchored by Trader Joe’s and features a mix of restaurants, fitness, lifestyle and soft goods retailers such as Zoe’s Kitchen, Orange Theory Fitness, Tarka Indian Kitchen, Michin Fresh Mexican Kitchen and Smart Barre.