Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN ANTONIO-Sterling Organization, based in Palm Beach, FL, has claimed ownership of the 105,328-square-foot Grandview Shopping Center, paying RPD Catalyst $11.1 million for the 1970s property. The buyer relied on its Sterling Value Add Partners LP fund to acquire the retail asset, which is anchored by a Sprouts grocery store.

“We felt the value could be added in several places. Filling the vacancy, improving tenant quality and bringing rents up to the market rate are where the value can be added,” comments Sterling president and CEO Brian Kosoy. He adds that Grandview Shopping Center, at Interstate 10 and Callaghan Road, will benefit from some upfront capital expenditures that will include fresh paint, new signage, parking lot lighting and perhaps an opportunity to develop pad sites or outparcels.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.