“Olivera Crossing, a 47,600 sf, neighborhood shopping center in the Bay Area city of Concord, was acquired by Sterling Organization in a recent $12 mil ($252/sf) transaction. The asset was purchased via the firm’s institutional fund Sterling Value Add Partners II, LP (SVAP II).
Olivera Crossing is anchored by a brand new Planet Fitness. Olivera Crossing was originally developed in 1960 and was most recently renovated in 2005. At present, the property is 77% occupied.”