Press Release

Friday, March 28, 2014

Unleashed by Petco to Open at Grandview Shopping Center in San Antonio

FOR IMMEDIATE RELEASE

PALM BEACH, FL – Sterling Organization, a vertically integrated privately owned retail real estate investment and services company headquartered in Palm Beach, FL, has announced that it signed a 10-year lease agreement with Petco, a leading pet specialty retailer, which will open its smaller format neighborhood store concept Unleashed by Petco at Grandview Shopping Center in San Antonio, TX. The new 6,277-square-foot pet store is anticipated to open this summer, and will be located adjacent to the shopping center’s grocery anchor, Sprouts Farmers Market. The center is currently undergoing a substantial renovation that will include a new façade, new pylon signage, new parking lot lighting, upgraded landscaping and a resealed and restriped parking lot.

At 105,328 square feet, Grandview Shopping Center is situated at the northeast corner of Interstate Highway 10 and Callaghan Road, just north of San Antonio’s inner loop (IH-410) interchange. More than 140,000 people live within a three-mile radius of the center with an average household income of $51,185. Traffic counts exceed 270,000 cars per day.

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About Sterling Organization
Sterling Organization is a vertically integrated private equity real estate firm that has an established track record of providing exceptional risk-adjusted returns to its partners, in both relative and absolute terms. The company is focused on investing in value-add anchored retail real estate assets in select major U.S. markets on behalf of Sterling’s principals in partnership with the highest quality institutional and high net worth investors. Sterling Organization is headquartered in Palm Beach, Florida.

Media Contact:
Dana Verhelst, 561-868-2664 or dverhelst@sterlingorganization.com