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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Grandview Shopping Center sells for $21.9M

sprouts_logoThe 103,000-square-foot shopping center, anchored by Sprouts Farmers Market and Petco along Callaghan Road, has been sold to a California investor for $21.9 million.

The property was sold by the Florida-based private equity real estate firm the Sterling Organization, which acquired the shopping center in 2012 for $11.13 million. The firm also owns Park North, a 45.7-acre property along Interstate Highway Loop 410 between San Pedro Avenue and Blanco Road. Acquired by the firm in late 2016, Park North is anchored by a Target and an Alamo Drafthouse movie theater.

A deed dated Sept. 7 names the buyer as Grandview Holding LLC, which is addressed to a law office in Beverly Hills. On Sept. 1, Grandview Holding took out a loan for $16.35 million on the property.

Click here to read the original article: Grandview Shopping Center sells for $21.9M San Antonio Business Journal 09-26-2017

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