InvenTrust Buys Shopping Center in Virginia for $33.8 Million

Glen Allen, Va. — InvenTrust Properties Corp. has purchased Westpark Shopping Center, a 176,935-square-foot shopping center located in the Richmond suburb of Glen Allen, for $33.8 million.

The grocery-anchored property was 95 percent leased at the time of sale to tenants such as Martin’s, Christmas Tree Shops, The Tile Shop and Victory Lady Fitness Centers. The four largest tenants have an average 6.9 years remaining on their lease terms. Since 2011, the property has received $1.4 million in capital improvements.

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