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.