{"id":1004330021,"date":"2019-06-11T11:30:27","date_gmt":"2019-06-11T19:30:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004330021"},"modified":"2019-06-20T03:04:27","modified_gmt":"2019-06-20T11:04:27","slug":"san-diego-area-shopping-center-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/","title":{"rendered":"San Diego-Area Shopping Center Changes Hands"},"content":{"rendered":"<div id=\"attachment_1004330024\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Poway-Crossings.-Image-courtesy-of-Sterling-Organization.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004330024\" data-attachment-id=\"1004330024\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/poway-crossings-image-courtesy-of-sterling-organization\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Poway-Crossings.-Image-courtesy-of-Sterling-Organization.jpg\" data-orig-size=\"600,450\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Poway Crossings. Image courtesy of Sterling Organization\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Poway Crossings. Image courtesy of Sterling Organization&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Poway-Crossings.-Image-courtesy-of-Sterling-Organization.jpg?w=600\" class=\"wp-image-1004330024 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Poway-Crossings.-Image-courtesy-of-Sterling-Organization.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Poway-Crossings.-Image-courtesy-of-Sterling-Organization.jpg 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Poway-Crossings.-Image-courtesy-of-Sterling-Organization.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004330024\" class=\"wp-caption-text\">Poway Crossings. <em>Image courtesy of Sterling Organization<\/em><\/p><\/div>\n<p>Sterling Organization has purchased Poway Crossings, a 109,455-square-foot community shopping center located in the San Diego submarket of Poway. Previous owner Greenstreet Partners received $27 million in the transaction. The acquisition took place on behalf of Sterling Organization\u2019s institutional Value-Add Fund, Sterling Value Add Partners III.<\/p>\n<p>Located at 12648 Poway Road, Poway Crossings is 21 miles northeast of San Diego and is within 3 miles of Interstate 15. The shopping center is anchored by LA Fitness, Dollar Tree and Big 5 Sporting Goods. The asset had an 80 percent occupancy rate at the time of the sale.<\/p>\n<p>According to Brian Kosoy, managing principal, president &amp; CEO of Sterling Organization, Poway Crossings presents multiple value-add possibilities, features strong demographics and solid real estate fundamentals. In April, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/sterling-org-sells-fl-shopping-center-for-38m\/\">sold Pembroke Place for $37.5 million<\/a>, a 158,500-square-foot Florida retail property.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenstreet Partners sold Poway Crossings for $27 million. The 109,455-square-foot retail center was 80 percent occupied at the time of the transaction.<\/p>\n","protected":false},"author":1274,"featured_media":1004330024,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[36215],"class_list":["post-1004330021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-sterling-organization"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Diego-Area Shopping Center Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego-Area Shopping Center Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Greenstreet Partners sold Poway Crossings for $27 million. The 109,455-square-foot retail center was 80 percent occupied at the time of the transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-11T19:30:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-20T11:04:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Poway-Crossings.-Image-courtesy-of-Sterling-Organization.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Timea Matyas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/\",\"name\":\"San Diego-Area Shopping Center Changes Hands - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Poway-Crossings.-Image-courtesy-of-Sterling-Organization.jpg\",\"datePublished\":\"2019-06-11T19:30:27+00:00\",\"dateModified\":\"2019-06-20T11:04:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d364eed718d001d2f28b9e07694ebfc2\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-shopping-center-changes-hands\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Poway-Crossings.-Image-courtesy-of-Sterling-Organization.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Poway-Crossings.-Image-courtesy-of-Sterling-Organization.jpg\",\"width\":600,\"height\":450,\"caption\":\"Poway Crossings. 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