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Wednesday, August 29, 2018

GlobeSt.com: Sterling Organization Closes First New Fund Investment in CA

 

GlobeSt.com's John Jordan reports:

"WESTLAKE VILLAGE, CA—Palm Beach, FL-based Sterling Organization has added a retail asset in this wealthy Los Angeles suburb for $35 million. The deal was the first purchase for a recently launched Sterling fund.

The firm has added the North Ranch Gateway, an 86,520-square-foot shopping center located at the intersection of Lindero Canyon Road and Thousand Oaks Boulevard to its portfolio. The property is anchored by T.J. Maxx. Its tenant roster includes Bank of America, Dunkin Donuts, Subway, Baja Fresh Mexican Grill, 9 Round Kickboxing, Mathnasium and Domino’s Pizza. The property was 74% occupied upon acquisition."

Read the entire article online at GlobeSt.com.