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The 118,187-square-foot shopping center is shadow anchored by a 142,000-square-foot Target, which ranks among the top performing stores in the U.S.
Mr. McCarthy has been an integral member of the team at Sterling since joining the firm 20 years ago. He most recently served as Senior Managing Director of Fund Management and Analytics.
The Acquisition was Completed on Behalf of Sterling Organization's $600 Million Institutional Value-Add Fund Sterling Value Add Partners IV ('SVAP IV')
Sterling Organization originally acquired the property in September of 2016 on behalf of their institutional value-add fund, Sterling Value Add Partners II (SVAP II) for $81 million.
The purchase was made, off-market, on behalf of Sterling's Core Plus, grocery-anchored, series of funds Sterling United Properties (SUP).
The acquisition was made on behalf of Sterling Consumer Logistics Properties I, LP ("The Fund"), a $225 million equity fund. The Fund primarily seeks to acquire vacant, freestanding retail buildings with the intent to redevelop them into Neighborhood Fulfillment Centers.
The property was acquired on behalf of the company’s Sterling Consumer Logistics Properties I, LP (“SCLP I”), a $225 million equity Fund which seeks to acquire primarily vacant, freestanding retail buildings with the intent to redevelop them into Neighborhood Fulfillment Centers.
Sterling Organization is pleased to announce that it has launched its long-planned strategic initiative aimed at advancing the redevelopment of the prominent Golf Mill Shopping Center in Niles, IL.
Dalia holds a Master of Accounting and a Bachelor of Science in Accounting, earned with magna cum laude honors, from Florida Atlantic University, completed the High Potentials Leadership Program at Harvard Business School and is a licensed Certified Public Accountant in the State of Florida.
The property was acquired on behalf of Sterling Organization's Sterling United Properties II, LP ("SUP II"), a $267 million equity Fund that is focused on investing in stabilized grocery-anchored shopping centers.
Sterling Organization, a vertically integrated private equity real estate investment firm, has announced the acquisition of The Orchards (the "Center"), a 159,272-square-foot grocery-anchored shopping center located in Greenwood Village, Colorado (Denver MSA).
Sterling Organization, a vertically integrated private equity real estate investment firm whose national platform is focused on investing in retail real estate assets, has announced the sale of Windsor Square
At sale, the shopping center was anchored by Ross Dress for Less, Marshalls and Crunch Fitness. The property boasts a customer base of over 71,000 people living within a 3-mile radius of the property earning an average household income over $166,000 per year.
Sterling identified this property as a high-quality asset with value-add potential and has since brought institutional ownership and national tenant relationships that allowed us to position the property for a successful sale
The property is currently anchored by a 28,809 square-foot Auto Zone, a 13,362 square-foot Dollar Tree and is shadow anchored by a 102,000 square-foot Home Depot.
Sterling Logistics Properties acquired the 39,306-square-foot vacant property in September 2021 for $5.75 million
Sterling Organization Closes Seventh Real Estate Fund Hitting Hard Cap with $600 Million in Equity Commitments.
Sterling Organization ('Sterling'), a vertically integrated private equity real estate investment firm headquartered in West Palm Beach, Florida, is pleased to announce that Bob Dake has become a Principal of the Firm.
The successful sale underscores investors' strong interest in owning quality grocery-anchored shopping centers.
This transaction represents a significant milestone as the first disposition for the 2021 vintage $225 million equity fund.
Braemar Village Center is the 74th property currently owned by Sterling Organization, via managed subsidiaries, in markets throughout the U.S.
Sterling Organization has announced the sale of a shopping center to an Alabama company.
Sterling Organization has announced the acquisition of Marketplace at Buckhead, formerly known as Cherokee Plaza.
The property is situated less than a quarter mile from the Atlantic Ocean in the affluent South Florida submarket of Jupiter in Palm Beach County, Florida,
Particularly in this capital environment, we are pleased to acquire a defensive, grocery-anchored shopping center in a gateway market that features upside potential.
Peachtree Parkway Plaza is anchored by a 35,928-square-foot Goodwill with additional national tenants at the plaza including, Dollar General, Sign-A-Rama, Pizza Hut and CosmoProf.
This highly coveted award honors the next generation of leaders in the Marketplaces Industry.
The Fund seeks to opportunistically acquire primarily vacant, freestanding retail buildings with the intent to convert them into Neighborhood Fulfillment Centers
Sterling Organization has announced the acquisition of Plaza Mexico, a 403,242-square-foot grocery and drug-anchored shopping center.
Sterling Organization has announced the acquisition of two premier market-leading grocery-anchored shopping centers totaling 280,000 square feet in a portfolio transaction.
The grocery-anchored shopping center is ideally situated in the heart of the Northwest Broward County submarket, at the hard corner of W. Sample Road and NW 62nd Ave., and is anchored by Aldi
Sterling Organization has announced the sale of Cheshire Station shopping center located in Dale City, VA (Washington D.C. MSA).
Sterling Organization has announced the sale of two California properties, Olivera Crossing in the San Francisco MSA and 8379 Melrose Avenue in West Hollywood (Los Angeles MSA), for a combined $36.85 million.
Sterling Organization, a vertically integrated private equity real estate investment firm, has announced the acquisition of North Mayfair Commons.
Mr. Levine will be responsible for the execution of both the investment strategy and the day-to-day operational performance of the Sterling Consumer Logistics Properties series of Funds.
Sterling Organization ('Sterling'), a vertically integrated private equity real estate investment firm headquartered in West Palm Beach, Florida, is pleased to announce that effective Jan. 1, 2022, Jordan Fried has become a Principal of the Firm.
The property is situated just 12 miles south of downtown Boston and was purchased on behalf of Sterling Organization's institutional grocery-anchored shopping center core fund, Sterling United Properties II, LP ("SUP II"), for $44.28 million.
Sterling Organization, a vertically integrated private equity real estate investment firm headquartered in West Palm Beach, FL, is pleased to welcome John Miller-Simard to its team as Managing Director of Logistics for its newly formed subsidiary Sterling Logistics Properties ("SLP").
Sterling Organization, a vertically integrated private equity real estate firm headquartered in West Palm Beach, Florida, is pleased to announce that Greg Moross, a founding Principal of the firm, has been promoted to firm President.