Two buying facilities in South Austin offer for $189.3 million

A lot more Austin purchasing centers are switching hands.

InvenTrust Houses Corp. of Illinois claimed it has acquired two retail facilities in Austin for $189.3 million.

The offer features the Retailers at Arbor Trails, a 357,000-square-foot centre anchored by Costco Wholesale and Total Food items Market place merchants, and Escarpment Village, a 168,000-square-foot buying heart anchored by an H-E-B retail store.

“These properties are good additions to our portfolio and even further strengthen our foothold in the very sought right after Austin market,” mentioned David Heimberger, chief expense officer of InvenTrust.

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

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