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Sterling Org. Expands Grocery-Anchored Portfolio

By Tony Seruga

HFF brokered the sale of Huntington Square Plaza, a fully leased 126,000-square-foot shopping center located in the Long Island community of Huntington, N.Y.

Shortly after purchasing Palm Valley Marketplace in Phoenix, Ariz., Sterling Org. has acquired Huntington Square Plaza, a fully occupied grocery-anchored shopping center in Huntington, N.Y. The firm bought the property through its institutional core fund Sterling United Properties I.

The 126,000-square-foot asset occupies 10.9 acres and was built in 2002. National retailers Stop & Shop and Best Buy anchor the property, with both leases expiring in 2023…

Sterling Org. Expands Grocery-Anchored Portfolio

Categories : Commercial Real Estate

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