Grocery store-anchored real estate began booming during the pandemic—part of an acquisitions trend that continues in 2022.
Sterling Organization acquired two premier grocery-anchored shopping centers totaling 280,000 square feet in a portfolio transaction announced this week.
Based in affluent neighborhoods, The Grove (Orlando MSA) and Riverfront Plaza (New York MSA) were acquired on behalf of Sterling's institutional grocery-anchored shopping center core fund, Sterling United Properties, for $113.75 million and mark the 11th and 12th investments made by the Fund.
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