Acquisition of Northgate Power Center

Deal value: $98,000,000

Invesco Real Estate acquired Northgate Power Center, a 450,000 sq ft big-box retail center in Dallas, TX, anchored by Home Depot, Best Buy, and PetSmart.

The acquisition of Northgate Power Center reflects Invesco Real Estate’s strategic pivot toward equity investments in high-quality retail assets as real estate values stabilize and investor sentiment improves. The core motivation is to capitalize on resilient, necessity-based retail anchored by national tenants like Home Depot and Best Buy, leveraging the perceived bottoming of property prices and the opportunity for attractive risk-adjusted returns in a recovering market cycle.