Announced
Completed
Financials
Sources
Tags
Auction
Completed
Acquisition
United States
Friendly
shopping centre
Recreational Services
Domestic
Private
Private Equity
Majority
Synopsis
Sterling, a vertically integrated private equity real estate firm, completed the acquisition of Plaza Mexico, a 403,242-square-foot grocery and drug-anchored shopping center, for $165m. "Plaza Mexico presents an incredibly rare opportunity to reestablish and reposition one of the more dynamic, unique and well-known community centers in Los Angeles. We are excited to invest in and work with the community on what we view as a great opportunity to revitalize and improve this important property for the benefit of the community it serves," Brian Kosoy, Sterling Organization Managing Principal and CEO.
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