InvenTrust Properties Acquisition of The Shoppes at Addison Place

Delray Beach, Florida, United States

The Shoppes at Addison Place is a 56,000 square foot, grocery-anchored shopping center located west of Delray Beach, Florida, serving one of the most affluent populations in the region. Acquired for $40 million by a real estate investment trust, the property features a mix of national and local retailers, drive-thru lanes, and modern amenities. Its strategic location across from the South Palm Beach County Civic Center enhances its visibility and accessibility within a high-growth, high-income submarket. Currently, the center maintains strong occupancy and is positioned as a leading retail destination in the West Delray area.