Sterling Organization Buys 3 Grocery-Anchored Centers in CA and HI
The West Palm Beach firm acquired a three-property portfolio totaling 277,057 sq ft across California and Hawaii.
Sterling Organization, a West Palm Beach, Florida-based private equity real estate investment firm specializing in retail properties, has acquired a portfolio of three grocery-anchored shopping centers spanning California and Hawaii, the company announced Sept. 28, 2026. The combined footprint of the three centers totals 277,057 square feet.
The acquisition expands Sterling's footprint into two of the most competitive retail real estate markets in the United States. Grocery-anchored centers have drawn sustained investor interest in recent years due to their resilience against e-commerce pressure, as supermarkets generate consistent foot traffic that supports surrounding tenants.
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Sterling Organization focuses exclusively on the retail sector and classifies the deal as a Core investment — a designation that typically signals stabilized, income-producing assets with lower risk profiles relative to value-add or opportunistic strategies. The firm is headquartered in West Palm Beach and operates as a private equity real estate platform.
Details on the individual property locations, purchase price, and specific grocery anchor tenants were not disclosed in the company's announcement. The transaction underscores continued institutional appetite for necessity-based retail assets in high-barrier-to-entry coastal markets, where land scarcity and entitlement challenges limit new competitive supply.
Continue reading at Real Estate for additional details on this transaction.
