{"id":1004389682,"date":"2020-02-11T05:51:32","date_gmt":"2020-02-11T13:51:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004389682"},"modified":"2020-02-11T05:51:32","modified_gmt":"2020-02-11T13:51:32","slug":"sterling-organization-buys-dallas-area-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sterling-organization-buys-dallas-area-retail-center\/","title":{"rendered":"Sterling Organization Buys Dallas-Area Retail Center"},"content":{"rendered":"<div id=\"attachment_1004389829\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/town-center-colleyville-sterling-organization.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004389829\" data-attachment-id=\"1004389829\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sterling-organization-buys-dallas-area-retail-center\/town-center-colleyville-sterling-organization\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/town-center-colleyville-sterling-organization.jpg\" data-orig-size=\"1548,1200\" 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=\"Town Center Colleyville\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Town Center Colleyville&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/town-center-colleyville-sterling-organization.jpg?w=1024\" class=\"wp-image-1004389829 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/town-center-colleyville-sterling-organization.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/town-center-colleyville-sterling-organization.jpg 1548w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/town-center-colleyville-sterling-organization.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/town-center-colleyville-sterling-organization.jpg?resize=768,595 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/town-center-colleyville-sterling-organization.jpg?resize=1024,794 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/town-center-colleyville-sterling-organization.jpg?resize=1536,1191 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004389829\" class=\"wp-caption-text\">Town Center Colleyville. <em>Image courtesy of Sterling Org.<\/em><\/p><\/div>\n<p>Sterling Org. has acquired Town Center Colleyville, a 244,917-square-foot&nbsp;retail asset in Colleyville, Texas. The buyer purchased the asset on behalf of one of its institutional funds,&nbsp;Sterling Value Add Partners III.<\/p>\n<p>Located at 5605 Colleyville Blvd., the property is 85 percent leased and is anchored by a Market Street, which has more than 16 years of historical occupancy at Town Center Colleyville.&nbsp;The new owner plans to implement value-add initiatives and improve the financial performance of the asset, according to&nbsp;Brian Kosoy, managing principal, president &amp; CEO of Sterling Org.<\/p>\n<p>Other tenants include Studio Movie Grill, Great Clips, Games Workshop, Townhouse Brunch and a FedEx office.&nbsp;The&nbsp;property is within 9 miles of DFW International Airport and 21 miles northwest of Dallas&#8217;s central business district.<\/p>\n<p>With the addition of Town Center Colleyville to its portfolio, Sterling Org. owns 58 properties comprising some 11 million square feet, totaling mainly retail real estate from coast to coast. In June 2019, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-retail-center-commands-27m\/\">paid $27 million<\/a> for&nbsp;a 109,455-square-foot shopping center in&nbsp;the San Diego suburb of Poway, Calif.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the acquisition of Town Center Colleyville, the company owns some 11 million square feet nationwide.<\/p>\n","protected":false},"author":868,"featured_media":1004389829,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21742,21749],"tags":[41258,36351,36215],"class_list":["post-1004389682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-latest","category-retail","tag-brian-kosoy","tag-capital-improvement","tag-sterling-organization"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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