ORO VALLEY, AZ (April 25, 2025) – InvenTrust Property Corp., a real estate investment trust based in Downers Grove, Illinois, has acquired Plaza Escondida, a 91,121-square-foot community shopping center in Oro Valley, for $23 million ($252 per square foot). The seller was Roseville Tucson, based in Newport Beach, California.
Strategically located at 7850–7972 N. Oracle Road, Plaza Escondida sits at the signalized intersection of Oracle and Magee Roads, one of Oro Valley’s busiest corridors. The center is anchored by a top-performing Trader Joe’s—ranked third in sales statewide— and features a diverse mix of national and local tenants, including Marshalls, AutoZone, Ace Hardware, Sally Beauty Supply, Nationwide Vision, Club Pilates, My Gym, Village Bakehouse, Noodleholics, and CampaignBreeze.
At the time of sale, the center was approximately 99% leased, with only 900 square feet of space available. According to Placer.ai, Plaza Escondida draws 143,700 monthly visits, with an average of 87,400 visitors, underscoring its strength as a high-traffic, community-driven retail destination.
This acquisition supports InvenTrust’s investment strategy, focusing on grocery-anchored and essential retail properties in growth-oriented markets, particularly across the Sun Belt. As of December 31, 2023, InvenTrust owned interests in 62 properties totaling 10.3 million square feet. Other Arizona holdings include Scottsdale North Marketplace and The Plant in Chandler.
InvenTrust was originally launched in 2005 as Inland American Real Estate Trust and has since grown into a leading REIT in the essential retail space.
For leasing inquiries, contact: Theresa Barringer at InvenTrust – (469) 801-9228 or Mark Vondrak at (281) 652-5456
To learn more about this sale, subscribers should refer to RED Comp #11834.