UNLOCK THE POWER OF THE VAULT

Sonterra Village Shopping Center in San Antonio Acquired for $21.5M

January 19, 2016

by Anca Gagiuc | January 18, 2016 | Commercial Property Executive

A new 42,492-square-foot shopping center in the San Antonio metro area has been acquired by InvenTrust Properties Corp.

San Antonio, Texas—Sonterra Village Shopping Center has found a new owner. InvenTrust Properties Corp. spent $21.5

Trader Joe’s at Sonterra Village Shopping Center, San Antonio

million on the purchase of the newly built, 42,492-square-foot shopping center.

“The acquisition of Sonterra Village is complementary to our four existing properties in the highly-attractive and fast-growing San Antonio market, and we are pleased to enhance our portfolio with this strong asset,” said Michael Podboy, executive vice president, CFO & CIO of InvenTrust. “The center’s ABR and income demographics are accretive to our retail portfolio of assets.”

The asset is anchored by Trader Joe’s and features a mixture of restaurants, fitness, lifestyle, and soft goods retailers such as Zoe’s Kitchen, Denver Mattress Company, Orange Theory Fitness, Tarka Indian Kitchen, Michin Fresh Mexican Kitchen, Smart Barre, Amazing Lash Studio, Super Target, and a Whole Foods Market. The shopping center is located at Loop 1604 and Sonterra Place, between Stone Oak Parkway and Blanco Road and within walking distance from major neighborhoods including Sonterra, Stone Oak, Hollywood Park, Hill Country Village, Inwood, The Vineyard, and Shavano Park.

Image courtesy of Trader Joe’s

Article Located Here

Print Friendly, PDF & Email
Go Back
Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.