Sterling Organization has acquired The Pointe at Bridgeport located in Tualatin, Ore., for $31.5 million. The 48,378-square-foot property will be a part of Sterling’s institutional Fund, Sterling Value Add Partners III, LP and marks the 18th property in the $497 million fund. 

The shopping center sits in a regional node serving Portland’s most affluent western communities and can be seen by 170,000 cars per day via Interstate 5. The property is home to national tenants such as Jared the Galleria of Jewelry, Verizon, Jamba Juice, MOD Pizza, Einstein Bros Bagels, Jimmy Johns, and Qdoba Mexican Grill. The center is situated within a 3-mile proximity to a trade area of established single-family communities that have a population of over 93,000 people and an average household income of over $115,000.  

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