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Sterling Acquires Iconic LA Shopping Center for $165M

Plaza Mexico, 403K SF with 200-vendor Mercado, sold at bankruptcy auction.

By Jack Rogers | July 06, 2022 at 06:42 AM

Sterling Organization has acquired at a bankruptcy auction Plaza Mexico, a 403K SF grocery- and pharmacy-anchored shopping center located on a 33-acre infill property in Lynwood, Ca. 

Known for its iconic design and robust event calendar, Plaza Mexico was acquired for $165M by Sterling’s institutional value-add fund, Sterling Value Add Partners III. JLL advised on the sale.

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