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New Deal


Announced

Completed

Sterling completed the acquisition of Plaza Mexico for $165m.

Financials

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Transaction Value£136m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Auction

Completed

Acquisition

United States

Friendly

shopping centre

Recreational Services

Domestic

Private

Private Equity

Majority

Synopsis

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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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