Sterling Organization Buys Three Grocery-Anchored Centers in CA and HI
The West Palm Beach private equity firm acquired 277,057 sq ft of grocery-anchored retail across California and Hawaii.
Sterling Organization, a West Palm Beach, Florida-based private equity real estate firm specializing in retail properties, has acquired a three-property portfolio of grocery-anchored shopping centers spanning California and Hawaii, the company announced Sept. 28, 2026. The combined portfolio totals 277,057 square feet of retail space.
The acquisition underscores continued institutional appetite for grocery-anchored retail assets, a segment that has drawn investor interest for its relative resilience during economic downturns due to the essential-goods nature of anchor tenants. Sterling Organization has built its investment strategy around this category of neighborhood and community shopping centers.
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Grocery-anchored centers have remained among the more stable segments of the broader retail real estate market, as supermarket tenants generate consistent foot traffic that benefits co-tenants ranging from restaurants to service providers. The California and Hawaii markets, characterized by high barriers to entry and dense consumer populations, make the assets strategically positioned within Sterling's portfolio.
The deal expands Sterling Organization's footprint into two West Coast and Pacific markets, diversifying what has historically been a portfolio with broad geographic reach across the United States. Financial terms of the transaction were not disclosed.
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