Oct 4, 2017
Kyle Marketplace off market for $59 million
KYLE – InvenTrust Properties Corp. has acquired Kyle Marketplace, a 226,000-sf retail center for $59 million.The property is anchored by H-E-B Plus and features nationally known tenants such as Chase, Starbucks,...
KYLE – InvenTrust Properties Corp. has acquired Kyle Marketplace, a 226,000-sf retail center for $59 million.
The property is anchored by H-E-B Plus and features nationally known tenants such as Chase, Starbucks, Subway, and Whataburger.
Located at 5401 FM 1626 in the south Austin suburb, the center sits approximately 20 miles south of the Austin CBD.
It was 98 percent leased at the time of the sale.
According to Marcus & Millichap’s most recent Austin Retail Market Report, approximately 40,000 individuals migrated to the metro area in the last year and more than 23,000 households were formed during this time. Healthy demographics have driven retail demand.
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