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Two buying centers in South Austin offer for $189.3 million

InvenTrust Properties Corp. of Illinois said it has acquired two shopping centers in Austin for $189.3 million. The deal includes The Shops at Arbor Trails, anchored by Costco Wholesale and Whole Foods, and Escarpment Village, anchored by H-E-B, pictured here. Contributed by InvenTrust Properties Corp.

Extra Austin searching centers are transforming hands.

InvenTrust Attributes Corp. of Illinois explained it has obtained two retail facilities in Austin for $189.3 million.

The deal contains the Outlets at Arbor Trails, a 357,000-sq.-foot middle anchored by Costco Wholesale and Total Foodstuff Current market retailers, and Escarpment Village, a 168,000-sq.-foot procuring heart anchored by an H-E-B shop.

“These qualities are excellent additions to our portfolio and even further improve our foothold in the hugely sought immediately after Austin marketplace,” said David Heimberger, chief investment officer of InvenTrust.

IvenTrust said the Shops at Arbor Trails, at 4301 W. William Cannon Generate,  and Escarpment Village, at 5800 W. Slaughter Lane, are 99% and 100% leased, respectively.

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