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Tuesday, September 25, 2018

GlobeSt.com: Sterling Increases Chicago Area Portfolio to Nearly 2 Million SF

 

GlobeSt.com's John Jordan reports:

"Palm Beach, FL-based Sterling Organization has acquired two shopping centers in the Chicago metro area — the Hillside Town Center [in Hillside, IL] and the Prairie Market in Oswego, IL.

The 266,303-square-foot portfolio was purchased on behalf of Sterling Organization’s institutional fund, Sterling Value Add Partners III, LP for an undisclosed amount.

With its latest purchases, Sterling Organization currently owns eight properties totaling 1.9 million square feet in the Chicago MSA. Sterling and its principals currently own more than 10 million square feet of primarily retail real estate approaching $2 billion in value in locations across the nation."

Read the entire article online at GlobeSt.com.