Aug
23
Austin Retail Center Sells for $112M
ByInvenTrust Properties Corp. bought the 404,000-square-foot asset from a local developer. Anchored by a 365 by Whole Foods, the property is located in a rapidly growing submarket.
InvenTrust Properties Corp. acquired The Parke, a 404,000-square-foot, newly developed grocery-anchored power center located in Austin’s Cedar Park submarket. The company paid approximately $112.3 million to Austin-based developer Endeavor Real Estate Group.
The Parke is anchored by a new 365 by Whole Foods. The tenant roster includes national retailers such as Dick’s Sporting Goods, Field & Stream, Nordstrom Rack, Marshalls, DSW, Michaels, Old Navy, buybuy Baby, Cost Plus, F21, Petco, Ulta, and Tuesday Morning. The asset features ample parking, five points of ingress & egress and contemporary architecture…
