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Monday, September 26, 2016

San Antonio Express-News: Florida investment firm pays $81 million for most of Park North

 

The San Antonio Express-News' Richard Webner reports:

"A Florida investment firm bought the 45.6-acre Park North shopping center next to North Star Mall for $81 million last week, beginning a new era for the high-profile retail spot that was once home to Central Park Mall.

Sterling Organization bought most of the shopping center, which includes a Super Target and an Alamo Drafthouse Cinema, from a partnership linked to global firm PGIM Real Estate, county property records show.

The purchase ranks as one of San Antonio’s largest retail property transactions so far this year."

Read the entire article at ExpressNews.com.