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Grocery-Anchored Retail Center Trades in San Antonio

By Tony Seruga

Sterling Org. sold a 103,000-square-foot shopping center in San Antonio. Recently, the property underwent renovations that included updated building façades, signage, lighting and parking lot.

Sterling Org. sold Grandview Shopping Center in San Antonio, a 103,000-square-foot, grocery-anchored retail center, for $21.9 million. Sterling Org. acquired the asset in 2012 for $11.3 million from its institutional fund Sterling Value Add Partners.

Located at 8005-8135 Callaghan Road, the shopping center is easily accessible via interstates 10 and 410. Grandview Shopping Center is anchored by Sprouts Farmers Market, with Petco Animal Supplies as a junior anchor. Tenants include Dollar General, Yaya’s Thai Restaurant and Asel Art Supply. More than 150,000 people live within a three-mile radius of the property…

Grocery-Anchored Retail Center Trades in San Antonio

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