{"id":1004151194,"date":"2016-08-30T22:54:18","date_gmt":"2016-08-31T06:54:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004151194"},"modified":"2020-05-13T03:00:02","modified_gmt":"2020-05-13T11:00:02","slug":"inventrust-goes-shopping-in-san-diego","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inventrust-goes-shopping-in-san-diego\/","title":{"rendered":"InvenTrust Goes Shopping in San Diego"},"content":{"rendered":"<p><em>By Ioana Neamt<\/em><\/p>\n<div id=\"attachment_1004151195\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/old-grove-4-1.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004151195\" data-attachment-id=\"1004151195\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/inventrust-goes-shopping-in-san-diego\/old-grove-4-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/old-grove-4-1.jpg\" data-orig-size=\"1200,600\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"old-grove-4 (1)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/old-grove-4-1.jpg?w=1024\" class=\"wp-image-1004151195 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/old-grove-4-1.jpg\" alt=\"Old Grove Marketplace\" width=\"300\" height=\"150\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/old-grove-4-1.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/old-grove-4-1.jpg?resize=300,150 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/old-grove-4-1.jpg?resize=768,384 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/old-grove-4-1.jpg?resize=1024,512 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004151195\" class=\"wp-caption-text\">Old Grove Marketplace<\/p><\/div>\n<p><strong>San Diego<\/strong>\u2014<a href=\"https:\/\/www.inventrustproperties.com\/\" rel=\"nofollow\" target=\"_blank\">InvenTrust Properties Corp.<\/a> has acquired Old Grove Marketplace\u2014an 81,279-square-foot, grocery-anchored <a href=\"https:\/\/www.commercialsearch.com\/news\/retail\/\" target=\"_blank\">retail center<\/a> in Oceanside, Calif., for approximately $23.3 million. The property was 91 percent leased at the time of sale.<\/p>\n<p>Anchored by a high-performing Ralph\u2019s supermarket and Lowe\u2019s home improvement, Old Grove Marketplace is conveniently situated in a densely populated area with high barriers to entry. Completed in 2005, the center was acquired by the Gerrity Group back in 2012 for nearly $19.6 million, as previously reported by <em><a href=\"https:\/\/www.commercialsearch.com\/news\/gerrity-group-purchases-old-grove-marketplace-in-oceanside\/\" target=\"_blank\">Commercial Property Executive<\/a><\/em>. Its tenant roster also includes U.S. Bank, Starbucks, Subway, AT&amp;T, McDonald\u2019s and Shell.<\/p>\n<p>\u201cOld Grove Marketplace is advantageously situated in the third largest city in San Diego County, in an area with a number of established employers as well as a frequented U.S. Military base,\u201d Christopher Covey, senior vice president of transactions with InvenTrust, said in prepared remarks. \u201cWe believe this property possesses the ideal combination of established retailers, geographic location and demographic attributes in order to drive significant long term value for our stockholders.\u201d<\/p>\n<p><em>Image courtesy of <a href=\"https:\/\/gerritygroup.com\/\" rel=\"nofollow\" target=\"_blank\">Gerrity Group<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company paid $23 million for a grocery-anchored shopping center in Oceanside, Calif.<\/p>\n","protected":false},"author":192,"featured_media":1004151195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21749,1608,15],"tags":[],"class_list":["post-1004151194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-retail","category-san-diego","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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