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Monday, September 5, 2016

Daily Republic: Private equity firm buys Raley’s Plaza in Fairfield


The Daily Republic's Susan Hiland reports:

"Sterling Organization, a private equity real estate investment firm with headquarters in Palm Beach, Florida, has purchased the Raley’s Plaza in Fairfield, CA, from a subsidiary of San Diego-based Gerrity Group via the firm’s institutional stabilized fund Sterling United Properties I, LP for $22.775 million.

Raley’s Plaza is a 95,441-square-foot shopping center anchored by Raley’s, a privately held family owned grocery chain which is the No. 1 grocer in terms of market share in the area, according to a press release from Sterling Organization."

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