Ralphs The property is anchored by a Ralph’s grocery store.

LOS ANGELES—InvenTrust has acquired the Stevenson Ranch Plaza in the Santa Clarita Valley for $72.5 million. The investor has been on a buying frenzy to reposition its portfolio. This acquisition is one of $330 million worth of purchases that company has announced in the last month, all of which were located in top-tier markets. The name of the seller was not disclosed.

“Stevenson Ranch Plaza presented an excellent opportunity for the buyer to own an irreplaceable grocery-anchored retail center in a great neighborhood with upscale demographics,” Kevin Fryman, SVP at Hanley Investment Group, tells GlobeSt.com. “We are still seeing strong demand by institutional investors for well-located stable grocery-anchored retail centers.” Fryman and Hanley Investment Group president Ed Hanley represented the buyer and seller in the transaction.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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