InvenTrust Properties Corp. Acquires Two Retail Properties in Austin for $189.3 Million

Austin, Texas — InvenTrust Properties Corp. has acquired two shopping centers in Austin for $189.3 million. The sale includes The Shops at Arbor Trails, a 357,000-square-foot center anchored by Costco Wholesale and Whole Foods Market; and Escarpment Village, a 168,000-square-foot shopping center anchored by H-E-B. The Shops at Arbor Trails was 99 percent leased at the time of sale, while Escarpment Village was fully leased.