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.
Anchored by Food 4 Less and a Rite Aid pharmacy, the property also features a Mercado, which houses more than 200 unique vendors.
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