InvenTrust Properties Corp. has sold South Frisco Village, a multi-anchored power center totaling 227,041 square feet in the Dallas suburb of Frisco, Texas. The sales price was not disclosed.
Built in 2001, South Frisco Village is 92 percent occupied by national and local tenants. The property offers 28 retail suites and is anchored by national tenants, such as Bed Bath & Beyond, Jo-Ann Fabrics, Buy Baby, and Painted Tree Marketplace.
South Frisco Village is situated along North Dallas’s retail corridor at the northeast corner of Preston Road and State Highway 121. The property also is near local entertainment, retail and dining hubs, including The Star, Dr Pepper Ballpark, Stonebriar Centre, Legacy West, Granite Park and Shops at Legacy.
The property benefits from strong local demographics, including a population of 300,789 within a five-mile radius, which is expected to grow 12 percent by 2025. The affluent demographic averages an annual household income
