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Tuesday, December 22, 2015

RENTV: Grocery-Anchored Retail Center in Las Vegas Sells for $20 Mil


RENTV reports:

"Smith’s Shopping Center, a 108.7k sf, grocery-anchored retail plaza located in Las Vegas, was purchased for $20 mil ($184/sf) by Sterling Organization, a Palm Beach, FL-based real estate investment firm. The asset was sold by a subsidiary of Kirkorian Enterprises via the firm’s institutional stabilized fund Sterling United Properties I, LP.

Smith’s Shopping Center is anchored by Smith’s Food & Drug (Kroger), which holds the No. 1 market share position by pure grocers in the Las Vegas MSA."

Click here to read the article online at