InvenTrust spends $123 million on two centers

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InvenTrust spends $123 million on two centers

By Al Urbanski - 09/19/2019
One of the nation’s leading acquirers of grocery-anchored shopping centers acquired two properties in growing markets.

InvenTrust purchased Eldorado Marketplace in the Dallas suburb of Frisco for $71 million and Travilah Square in Rockville, MD, for $52 million, calling them premium centers in high-performing markets.

Frisco is home to several corporate headquarters, including the PGA and Keurig Dr Pepper, and Rockville is a rapidly growing, upscale suburb of Washington, D.C.

Eldorado Marketplace is a 186,000-sq.-ft. center anchored by Market Street whose other tenants include AT&T, Jersey Mike’s, Re/Max, PetSmart and UPS. Trader Joe’s anchors the 56,000-sq.-ft. Travilah Square that features Title Boxing, Tropical Smoothie, and Flower Child.

“InvenTrust has acquired over $400 million of high-quality grocery-anchored centers in key growth markets year-to-date,” said Christy David, an executive VP in charge of transactions at the company.