InvenTrust Properties acquires two premier grocery-anchored centers totaling $120 million

FRISCO, TX & ROCKVILLE, MD — InvenTrust Properties Corp. (InvenTrust, IVT) announced the acquisition of Eldorado Marketplace, a 186,068 s/f center anchored by Market Street in Frisco, TX, a suburb of Dallas, for $71 million and the acquisition of Travilah Square, a 56,220 s/f shopping center anchored by Trader Joe’s in Rockville, MD, a suburb of Washington, DC., for $52 million. “The acquisition of Eldorado Marketplace expands our footprint in the attractive Frisco market and provides significant opportunities for future revenue growth,” said Stephen Snodgrass, VP of transactions for InvenTrust. “Frisco is home to a number of large corporate headquarters including the PGA and Keurig Dr. Pepper, and this property benefits from a prime, high-traffic location in this high-income and rapidly growing market.



7 views0 comments

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.