We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

REIT InvenTrust Scoops Up Fla. Retail Center For $88M

Law360 (May 18, 2018, 7:16 PM EDT) -- Illinois-based real estate investment trust InvenTrust Properties Corp. said on Thursday that it has acquired a 120,000-square-foot retail center in Palm Beach Gardens, Florida, for $88 million from Menin Development Inc.

InvenTrust acquired PGA Plaza, which is a retail center anchored by a Trader Joe’s grocery story. The plaza is in a prime location with access to Interstate 95 and the Florida Turnpike and is also occupied by Verizon and JPMorgan Chase Bank NA.

“This transaction represents a compelling growth opportunity for InvenTrust and expands the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.