{"id":1004793477,"date":"2026-03-30T05:33:49","date_gmt":"2026-03-30T13:33:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004793477"},"modified":"2026-03-30T07:26:43","modified_gmt":"2026-03-30T15:26:43","slug":"nuveen-buys-retail-portfolio-for-298m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nuveen-buys-retail-portfolio-for-298m\/","title":{"rendered":"Nuveen Buys Retail Portfolio for $298M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004782932\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bristol_plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg\" data-orig-size=\"800,620\" 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=\"Bristol_Plaza\" data-image-description=\"&lt;p&gt;Image from https:\/\/www.citybiz.co\/article\/788835\/bristol-plaza-shopping-center-trades-hands-for-44-4m\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Bristol Plaza is anchored by a Stop &#038; Shop Supermarket. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg?w=800\" alt=\"A photo of the Bristol Plaza shopping center, featuring the anchor Stop &amp; Shop.\" class=\"wp-image-1004782932\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">In January 2026, Sterling Organization purchased Bristol Plaza in Bristol, Conn. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Nuveen has bought a seven-property retail portfolio for $298 million, according to public records. Sterling Organization sold the assets on behalf of the Sterling Value Add Partners II and Sterling Value Add Partners III funds. The assets total 956,865 square feet and were 96 percent leased upon closing. They are located across several metros, including Los Angeles, San Diego, Dallas, Fort Lauderdale, Fla., and Minneapolis.<\/p>\n\n\n\n<p>The sale brings Sterling Organization\u2019s U.S. portfolio to 74 assets totaling 12 million square feet and valued at $3.2 billion. The deal comes a few months after the company <a href=\"https:\/\/www.commercialsearch.com\/news\/sterling-buys-263-ksf-connecticut-shopping-center\/\">purchased Bristol Plaza<\/a>, a&nbsp;263,000-square-foot shopping center in Bristol, Conn. The $44 million transaction was completed through Sterling Value Add Partners IV.<\/p>\n\n\n\n<p>Six out of the seven retail centers in the portfolio are grocery-anchored by Market Street, Cub, Sprouts Farmers Market and Aldi. While still under Sterling\u2019s ownership, the assets\u2019 vacancy rate improved from 23 percent to 4 percent at the time of the sale. The properties serve a total of 123,000 individuals living within a 3-mile radius, with average household incomes of $147,000, according to company data.<\/p>\n\n\n\n<p>One of the assets in the portfolio is Town Center Colleyville, a 172,289-square-foot retail center in Colleyville, Texas, public records show. The five-building retail center came online in 2003 at 5505 Colleyville Blvd., on a 17-acre site. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-grocery-anchored-assets-keep-attracting-investors\">Grocery-anchored assets keep attracting investors<\/h2>\n\n\n\n<p>Recent <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-market-trends\/\">retail market trends<\/a> highlight investors&#8217; preference for stability and income durability. Grocery-anchored centers and other necessity-based retail continue to attract capital, due to their tenant demand and resilience. <\/p>\n\n\n\n<p>Meanwhile, institutional buyers tend to be more selective, prioritizing  properties in suburban locations that showcase strong demographics and potential for rent growth through active leasing. Overall, investors seek to pursue value-add strategies\u2014be it through acquiring or repositioning assets\u2014though well-performing retail centers maintain consistent investor interest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The seven-property collection was 96 percent leased at the time of sale.<\/p>\n","protected":false},"author":3619,"featured_media":1004782932,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,23891,21742,21749],"tags":[37491,36215],"class_list":["post-1004793477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-national","category-latest","category-retail","tag-nuveen","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>Nuveen Buys Retail Portfolio for $298M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Nuveen bought a seven-property, 956,865-square-foot retail portfolio from Sterling Organization, for $298 million.\" \/>\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\/nuveen-buys-retail-portfolio-for-298m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nuveen Buys Retail Portfolio for $298M\" \/>\n<meta property=\"og:description\" content=\"Nuveen bought a seven-property, 956,865-square-foot retail portfolio from Sterling Organization, for $298 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nuveen-buys-retail-portfolio-for-298m\/\" \/>\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=\"2026-03-30T13:33:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-30T15:26:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\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\/nuveen-buys-retail-portfolio-for-298m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nuveen-buys-retail-portfolio-for-298m\/\",\"name\":\"Nuveen Buys Retail Portfolio for $298M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nuveen-buys-retail-portfolio-for-298m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nuveen-buys-retail-portfolio-for-298m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg\",\"datePublished\":\"2026-03-30T13:33:49+00:00\",\"dateModified\":\"2026-03-30T15:26:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df\"},\"description\":\"Nuveen bought a seven-property, 956,865-square-foot retail portfolio from Sterling Organization, for $298 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nuveen-buys-retail-portfolio-for-298m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/nuveen-buys-retail-portfolio-for-298m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nuveen-buys-retail-portfolio-for-298m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Bristol_Plaza.jpg\",\"width\":800,\"height\":620,\"caption\":\"Bristol Plaza is anchored by a Stop & Shop Supermarket. 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