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Sterling Organization Acquires 97,266 Sq. Ft. Grocery Anchored 'Cinco Ranch Shopping Center' in Katy (Houston MSA), TX for $21.25 Million.

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WEST PALM BEACH, Fla., May 5, 2021 /PRNewswire/ Sterling Organization, a vertically integrated private equity real estate investment firm, has announced the acquisition of Cinco Ranch Shopping Center, a 97,266-square-foot grocery-anchored shopping center located in the Houston MSA. The property was purchased on behalf of Sterling Organization s institutional grocery-anchored shopping center core fund, Sterling United Properties II, LP ( SUP II ), for $21.25 million or $218 per square foot.
Kroger grocery store which anchors the shopping center
The property is currently 94% leased and anchored by a 63,373-square-foot Kroger grocery store. The property is well-positioned in a densely populated submarket that has over 123,000 people living within a 3-mile radius of the site with an average household income of over $142,000. ....

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Sterling Organization Acquires 94,550 sq. ft. Grocery-Anchored Shopping Center in Sewell, NJ (Philadelphia MSA).

Sterling Organization Acquires 94,550 sq. ft. Grocery-Anchored Shopping Center in Sewell, NJ (Philadelphia MSA).
The property is located approximately 14 miles from downtown Philadelphia.
January 07, 2021 12:42 ET
| Source:
Sterling Organization
Sterling Organization
Palm Beach, Florida, UNITED STATES
West Palm Beach, FL, Jan. 07, 2021 (GLOBE NEWSWIRE) Sterling Organization, a vertically integrated private equity real estate investment firm, has announced the acquisition of Mill Pond Village, a grocery-anchored property located in Sewell, NJ, an affluent suburb approximately 14 miles from downtown Philadelphia. The property was purchased on behalf of Sterling Organization’s institutional Fund, Sterling United Properties II, LP (“SUP II”), from EDENS. Jim Galbally, Chris Munley and Colin Behr of JLL brokered the transaction. ....

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