Florida firm's $81 million San Antonio shopping spreeFlorida firm's $81 million San Antonio shopping spreehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=146722016-09-27T05:00:00Z2016-09-27T22:00:00Z

​​​​​​SAN ANTONIO – Palm Beach, Fla.-based Sterling Organization ​has acquired Park North, a 635,382-sf retail power center, for $81 million.​

The 73 percent-​​​​​occupied center consists of 17 buildings on 45.8 acres along Loop 410 between Blanco Rd. and San Pedro Ave.​ It is anchored by Target, Alamo Drafthouse Cinema, and Cost Plus World Market.

The asset was purchased on behalf of the firm's institutional value-add fund Sterling Value Add Partners II LP.

CBRE brokered the transaction.

San Antonio-New Braunfels
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