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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."

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