InvenTrust Snaps Up $73M Retail Asset in San Diego Metro
January 11, 2017 | Evelina Croitoru | Commercial Property Executive
The company purchased a 144,000-square-foot shopping center that is home to highly ranked tenants like CVS, Bank of America and Starbucks, among others.
San Marcos, Calif.—InvenTrust Properties Corp. has announced the purchase of Campus Marketplace in San Marcos, Calif., for the price tag of $73 million.
“This transaction will allow us to continue to build our asset base and concentration in Southern California. This property provides us with additional operational economies of scale while giving us an opportunity to acquire a top grocer in one of InvenTrust’s target markets,” Michael Podboy, executive vice president, chief financial officer & chief investment officer of InvenTrust, said in a prepared statement.