{"id":1004191756,"date":"2017-09-27T02:00:00","date_gmt":"2017-09-27T10:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004191756"},"modified":"2022-12-08T11:59:55","modified_gmt":"2022-12-08T19:59:55","slug":"inventrust-nabs-226-ksf-texas-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inventrust-nabs-226-ksf-texas-retail-center\/","title":{"rendered":"InvenTrust Nabs 226 KSF Texas Retail Center"},"content":{"rendered":"<p>By Keith Loria, Contributing Editor<\/p>\n<div id=\"attachment_1004191773\" style=\"width: 337px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/cpe.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004191773\" data-attachment-id=\"1004191773\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/inventrust-nabs-226-ksf-texas-retail-center\/cpe-4\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/cpe.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"cpe\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/cpe.jpg?w=800\" class=\"wp-image-1004191773\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/cpe.jpg\" alt=\"Kyle Marketplace\" width=\"327\" height=\"253\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/cpe.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/cpe.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/cpe.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 327px) 100vw, 327px\" \/><\/a><p id=\"caption-attachment-1004191773\" class=\"wp-caption-text\">Kyle Marketplace<\/p><\/div>\n<p>InvenTrust Properties Corp. has acquired Kyle Marketplace, a 226,000-square-foot retail center in Kyle, Texas for $59 million.<\/p>\n<p><em>\u201cThis transaction will allow us to continue to build our asset base and concentration in the high-growth MSA of Austin,\u201d<\/em> Michael Podboy, InvenTrust\u2019s executive vice president, CFO\u00a0&amp; CIO, said in a prepared release. <em>\u201cWe are pleased to be acquiring a property that includes the region\u2019s top grocer in one of our target markets. With this acquisition, IVT now owns eight centers in the Austin market, providing us with valuable scale and delivering operational efficiencies.\u201d<\/em><\/p>\n<p>The property is anchored by H-E-B Plus and features nationally known tenants such as Chase, Starbucks, Subway, and Whataburger. It was 98 percent leased at the time of the sale.<\/p>\n<p><em>\u201cThe center has a strong grocery anchor tenant with H-E-B Plus, drives high traffic and makes this property attractive for other internet resistant retailers,\u201d<\/em>\u00a0added Christopher Covey, InvenTrust\u2019s senior vice president of transactions. <em>\u201cThe asset builds on our existing strategy and will be accretive to InvenTrust\u2019s portfolio.\u201d<\/em><\/p>\n<h2>Strong Market<\/h2>\n<p>Located at 5401 Farm to Market 1626 in the south Austin suburb, the center sits approximately 20 miles south of the Austin CBD.<\/p>\n<p>According to Marcus &amp; Millichap\u2019s most recent Austin Retail Market Report, approximately 40,000 individuals migrated to the metro area in the last year and more than 23,000 households were formed during this time. Healthy demographics have driven retail demand.<\/p>\n<p>The report reveals that retailers are flocking to locations near new housing developments, particularly in Cedar Park and Mueller, both not too far from Kyle.<\/p>\n<p>It\u2019s been a busy year for InvenTrust. In February, the firm acquired The Shops at Town Center, a 125,000-square-foot retail center located in Germantown, Md., and also acquired Paraiso Parc and Westfork Plaza, two <a href=\"https:\/\/www.commercialsearch.com\/news\/two-florida-retail-centers-change-hands-for-163m\/\">adjacent retail centers<\/a> in Pembroke Pines, Fla., for $163 million.<\/p>\n<p>Overall, InvenTrust owns and manages 85 retail properties, representing 15.2 million square feet of retail space, and one non-core property.<\/p>\n<p><em>Photo courtesy of\u00a0InvenTrust Properties Corp.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Located in the south Austin suburb, the center sits approximately 20 miles south of the Austin central business district. The property is anchored by H-E-B Plus and features nationally known tenants and is 98 percent leased.<\/p>\n","protected":false},"author":451,"featured_media":1004191773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21808,21783,21742,21749],"tags":[33413,33161,37584,33412],"class_list":["post-1004191756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-featured","category-investment","category-latest","category-retail","tag-christopher-covey","tag-inventrust-properties","tag-marcus-millichap-capital","tag-michael-podboy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>InvenTrust Nabs 226 KSF Texas Retail Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/inventrust-nabs-226-ksf-texas-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InvenTrust Nabs 226 KSF Texas Retail Center\" \/>\n<meta property=\"og:description\" content=\"Located in the south Austin suburb, the center sits approximately 20 miles south of the Austin central business district. 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