July 19, 2019
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.”
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