Sterling Organization Sells Roswell Village Shopping Center for $38.3 Million

Sterling Organization, a private equity firm specializing in retail real estate, has sold the Roswell Village Shopping Center in Roswell, GA (part of the Atlanta Metropolitan Statistical Area) for $38.3 million. The firm originally purchased the property in 2014 for $10.55 million when the center had a mere 31% occupancy. Through strategic re-tenanting, Sterling increased the occupancy to 94% by the time of sale. The center now hosts anchor tenants such as Ross Dress for Less, Marshalls, and Crunch Fitness. The location, with a robust local customer base and high-income residents, has been transformed into a vibrant community asset. Sterling extends thanks to Jim Hamilton's team at JLL for facilitating the transaction and wishes success to the new owners, Revesco Properties. Sterling, which owns over 74 properties across the U.S. valued at over $2 billion, is actively pursuing further acquisitions with over $1 billion in capital.