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Oak Brook, Ill. — Oak Brook-based InvenTrust Properties Corp. has acquired two open-air shopping centers located in Florida and Texas for a combined $69.8 million.
Properties include Rio Pinar Plaza, a 124,283-square-foot fully leased shopping center located in Orlando; and Price Plaza, a 205,813-square-foot 92 percent occupied power center located in Katy, Texas. Price Plaza is anchored by Ross Dress for Less, Jo-Ann Fabrics and Best Buy, and was acquired for $35.8 million. Rio Pinar Plaza was acquired for $34 million.