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Florida & Gulf Coast  + Retail  |  July 19, 2019
David Cohen
By: David Cohen

InvenTrust Claims Costco-Anchored Retail Center in West Palm for $97M

InventTrust Properties Corp. (IVT) acquired Southern Palm Crossing, a 346,200-square-foot Costco-anchored retail center in Royal Palm Beach for $97 million. The seller was not disclosed.

Southern Palm Crossing is located at 11001 Southern Blvd., 12 miles west of downtown West Palm Beach. The center is anchored by Costco, Marshalls/Homegoods and a newly-leased 24 Hour Fitness.

“The acquisition of Southern Palm Crossing enhances IVT’s already strong grocery portfolio in our key target markets,” said Christopher Covey, senior vice president of transactions for InvenTrust. “The property is in-line with our strategy to acquire strong performing, grocery-anchored centers in areas featuring high growth demographics.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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