InvenTrust acquires suburban Atlanta retail center

OAK BROOK - InvenTrust Properties Corp. has acquired Windward Commons, a 99 percent occupied, 117,234 square foot Kroger-anchored retail center in Alpharetta, Georgia, for $27.65 million.

Windward Commons is located approximately 29 miles north of Atlanta's central business district. The retail center is anchored by Kroger with other tenants including Hallmark, Roasters and Ippolito's Italian Restaurant.

"Windward Commons represents an attractive opportunity for InvenTrust to increase its presence in an affluent submarket location with favorable job, population and income demographics," said Michael E. Podboy, Executive Vice President - Chief Financial Officer, Chief Investment Officer of InvenTrust.

Christopher Covey, Senior Vice President of Transactions, added, the center is located at one of the area's busiest intersections on a main thoroughfare connecting downtown Atlanta with the northern suburbs.

"A stable tenant base and long average tenant duration are added benefits of this property. The acquisition of Windward Commons is an exciting opportunity that we anticipate will drive long term value for our investors," Covey said.