Sep
29
River City Power Center Sells for $81M
BySterling Org. acquired the property in a sale brokered by CBRE’s retail investment group.
Alamo Drafthouse – Park North
San Antonio—Sterling Org. of Palm Beach, Fla., announced its acquisition of Park North power center in San Antonio for $81 million. The asset was purchased on behalf of the firm’s institutional value-add fund Sterling Value Add Partners II.
“We are pleased to add Park North to our SVAP II owned portfolio,” said Brian Kosoy, managing principal, president & CEO of Sterling Org. “Park North sits on incredible dirt and along with North Star Mall anchors what is one of the most dynamic, dense and infill retail trade nodes in central Texas. If our team can improve some functional deficiencies as intended, we believe Park North has the potential to become another tremendous value-add retail real estate success story for our team and our investor partners in San Antonio.”…
Copyright © 1999 - 2024 Tony Seruga | All Rights Reserved
Affiliates |
Privacy |
Refunds |
Legal & Policies