Retrieved on:
Thursday, January 26, 2023
The property is located in an affluent suburb of Atlanta with more than 69,000 people within a three-mile radius that have a household income of approximately $124,000.
Key Points:
- The property is located in an affluent suburb of Atlanta with more than 69,000 people within a three-mile radius that have a household income of approximately $124,000.
- Peachtree Parkway Plaza is anchored by a 35,928-square-foot Goodwill with additional national tenants at the plaza including, Dollar General, Sign-A-Rama, Pizza Hut and CosmoProf.
- In 2017, Sterling also sold a Taco Bell outparcel for $1.2 million, which was included in the original property acquisition.
- Sterling Organization, and its affiliates, control more than 12 million square feet of primarily retail real estate across the U.S. worth over $2 billion in value.
Retrieved on:
Wednesday, December 28, 2022
Emory University,
PALM,
George Washington University,
MBA,
Mentorship,
Trust,
BBA,
ICSC,
Goizueta Business School,
Ethics,
Principal,
Trustee,
Cryptocurrency,
Management,
Fried,
Sterling WEST PALM BEACH, Fla., Dec. 28, 2022 (GLOBE NEWSWIRE) -- Jordan Fried, one of three Principals at Sterling Organization , has been named a 2022 ICSC 4 Under 40 honoree.
Key Points:
- WEST PALM BEACH, Fla., Dec. 28, 2022 (GLOBE NEWSWIRE) -- Jordan Fried, one of three Principals at Sterling Organization , has been named a 2022 ICSC 4 Under 40 honoree.
- This highly coveted award honors the next generation of leaders in the Marketplaces Industry.
- "We are very proud, but not surprised, to hear that Jordan has been recognized by our industry in receiving the 4 Under 40 Award from ICSC.
- I have worked alongside Jordan for 10 years and have watched him grow and excel throughout his journey in our industry.
WEST PALM BEACH, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Sterling Organization, a vertically integrated private equity real estate firm whose national platform is focused on investing in LAST HOUR consumer fulfillment and distribution real estate assets, has announced the final closing of its first Sterling Logistics Properties Fund, Sterling Consumer Logistics Properties I, LP ("SCLP I").
Key Points:
- WEST PALM BEACH, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Sterling Organization, a vertically integrated private equity real estate firm whose national platform is focused on investing in LAST HOUR consumer fulfillment and distribution real estate assets, has announced the final closing of its first Sterling Logistics Properties Fund, Sterling Consumer Logistics Properties I, LP ("SCLP I").
- The Fund received total capital commitments of $225 million, which were raised from a diverse institutional investor base including endowments and public pension funds.
- We at Sterling Logistics Properties are committed to remaining at the forefront of this evolution from a real estate perspective," added Mr. Dykstra.
- Sterling Organization owns 74 properties throughout the U.S., exceeding 12.5 million square feet of gross leasable area and over $2.7 billion in value.
Galleria,
Acquisition,
Crate & Barrel,
Einstein Bros. Bagels,
GLOBE,
Qdoba,
Rocky Glen Park,
Pointe technique,
Fund,
Sephora,
PALM,
Interstate 5,
GLA,
Fried,
Lululemon Athletica,
Income,
Apple,
Verizon Communications,
Restaurant,
Principal,
The Container Store,
Interstate Highway System,
GAP,
Crate,
Organization,
Jamba Juice,
MOD Pizza,
MAC Cosmetics,
Population,
Whole Foods Market,
Sterling Jewelers,
Anthropologie,
Jewellery,
J.Crew The highly visible shopping center sits in a regional node serving Portland's most affluent western communities and can be seen by 170,000 cars per day via Interstate 5.
Key Points:
- The highly visible shopping center sits in a regional node serving Portland's most affluent western communities and can be seen by 170,000 cars per day via Interstate 5.
- "The Pointe at Bridgeport offers our team an opportunity to significantly grow the income stream during our anticipated hold period.
- "The Pointe at Bridgeport fits beautifully into SVAP III's inflation and e-commerce resistant portfolio," added Fried.
- The Pointe atBridgeport marks the 74th property currently owned by Sterling Organization in markets throughout the U.S. and increases their portfolio to approximately 12.5 million square feet of GLA and nearing $3 billion in value.
Acquisition,
GLA,
Planet Fitness,
CEO,
Boost Mobile,
Taco Bell,
Rite Aid,
GLOBE,
Simpson Thacher & Bartlett,
Population,
PALM,
Organization,
Kroger,
Rite,
Mercado,
Food 4 Less,
Calendar,
Box,
Pizza Hut,
JLL,
Skechers,
Sterling The property was acquired on behalf of Sterling's institutional value-add fund, Sterling Value Add Partners III, LP ("SVAP III"),for $164.63 million.
Key Points:
- The property was acquired on behalf of Sterling's institutional value-add fund, Sterling Value Add Partners III, LP ("SVAP III"),for $164.63 million.
- With its iconic design and robust event calendar, the property draws shoppers from across the city of Los Angeles.
- "Plaza Mexico presents an incredibly rare opportunity to reestablish and reposition one of the more dynamic, unique and well-known community centers in Los Angeles," said Brian Kosoy, Managing Principal and CEO of Sterling Organization.
- Jordan Fried, a principal of Sterling Organization, added, "We want to thank all parties involved in this complicated transaction who helped navigate our team through the bankruptcy auction process and over the finish line.
Riverfront Plaza/Belvedere,
SUP,
BurgerFi,
Taco Bell,
Publix,
Investment,
AT,
Chase Bank,
PALM,
ShopRite,
KFC,
Organization,
Wells Fargo,
Acquisition,
AT&T,
Fund,
H&R Block,
CEO,
GLOBE,
Sterling,
Grove The 151,752-square-foot Publix-anchored shopping center is home to national retailers including Wells Fargo, Great Clips, Charles Schwab, AT&T, and BurgerFi.
Key Points:
- The 151,752-square-foot Publix-anchored shopping center is home to national retailers including Wells Fargo, Great Clips, Charles Schwab, AT&T, and BurgerFi.
- "We are excited to add these two high quality properties to our growing portfolio of core grocery-anchored shopping centers," said Brian Kosoy, Managing Principal and CEO of Sterling Organization.
- Sterling Organization currently owns 74 properties, across multiple Funds, in major markets throughout the United States exceeding 12.1 million square feet and approaching $2.5 billion in value.
- Sterling Organization, with offices across the nation, is headquartered in West Palm Beach, FL.
CBRE,
Aldi,
PALM,
HomeGoods,
Heart,
Organization,
Addition Financial,
Hedge fund,
FL,
Acquisition,
Fund,
Landing,
GLOBE,
Financial services,
Sterling The property was acquired on behalf of Sterling's institutional fund Sterling Value Add Partners III, LP ("SVAP III") for $37.4 million and marks the 17th investment made by the $497 million equity fund.
Key Points:
- The property was acquired on behalf of Sterling's institutional fund Sterling Value Add Partners III, LP ("SVAP III") for $37.4 million and marks the 17th investment made by the $497 million equity fund.
- Coral Landings III is a 171,299-square-foot grocery-anchored shopping center ideally situated in the heart of the Northwest Broward County submarket, at the hard corner of W. Sample Road and NW 62nd Ave., and is anchored by Aldi.
- Sterling Organization currently owns 72 properties, across multiple funds, in major markets throughout the United States exceeding 11.8 million square feet and approaching $2.4 billion in value.
- Sterling Organization, with offices across the nation, is headquartered in West Palm Beach, Florida.
The center was sold to Haverford Properties, an active Northeast investor based out of Philadelphia, on May 13, 2022, for $29.1 million.
Key Points:
- The center was sold to Haverford Properties, an active Northeast investor based out of Philadelphia, on May 13, 2022, for $29.1 million.
- The portfolio, which was purchased for a combined price of $40 million, has now been fully realized at a combined sale price of $58.4 million.
- "The sale of this asset highlights the strong investor demand for well-located, grocery-anchored shopping centers," said Brian Kosoy, CEO and Managing Principal of Sterling Organization.
- Sterling Organization currently owns and manages approximately 70 properties in major markets throughout the United States exceeding 11.4 million square feet and approaching $2.4 billion in value.
Planet Fitness,
Melrose Avenue,
Investment,
MSA,
Associate,
GLOBE,
CA,
San Francisco,
Starbucks,
Parkmerced, San Francisco,
PALM,
Sale,
Bay,
Taco Bell,
Acquisition,
Financial services,
Sterling,
L.A The center was sold to Dollinger Olivera Associates LP, an active investor in the Bay area, on March 25, 2022 for $17.65 million.
Key Points:
- The center was sold to Dollinger Olivera Associates LP, an active investor in the Bay area, on March 25, 2022 for $17.65 million.
- 8379 Melrose Avenue was acquired on behalf of Sterling's institutional fund Sterling Value Add Partners III, LP ("SVAP III") for $14.75 million in July 2019.
- "We are very pleased with our team's wire to wire execution of both the Olivera Crossing and 8379 Melrose Avenue deals in California," said Jordan Fried, a Principal of Sterling Organization.
- Sterling Organization owns and manages 70 properties throughout the United States exceeding 11.5 million square feet and approaching $2.4 billion in value.
Principal,
Partnership,
PALM,
CEO,
FedEx Office,
SUP,
GLA,
GLOBE,
Income,
Fund,
H&R Block,
Acquisition,
CBRE,
Chicago metropolitan area WEST PALM BEACH, Fla., March 22, 2022 (GLOBE NEWSWIRE) -- Sterling Organization, a vertically integrated private equity real estate investment firm, has announced the acquisition of North Mayfair Commons.
Key Points:
- WEST PALM BEACH, Fla., March 22, 2022 (GLOBE NEWSWIRE) -- Sterling Organization, a vertically integrated private equity real estate investment firm, has announced the acquisition of North Mayfair Commons.
- The property was purchased on behalf of Sterling Organization's institutional grocery-anchored shopping center core fund, Sterling United Properties II, LP ("SUP II"), for $18.25 million.
- "North Mayfair Commons is anchored by a high-volume Jewel Osco, metro Chicago's leading grocer, with a long and successful operating history in the center.
- North Mayfair Commons is the tenth property owned by Sterling Organization's SUP II Fund, increasing the Fund's portfolio to approximately 1.2 million square feet of GLA.
