Sterling Organization Acquires 75,890 SF Retail Building in Orange County for $11M
GARDEN GROVE, CALIF. — Sterling Organization has acquired Pavilion Plaza West, a 75,890-square-foot vacant retail building located at 9852 Chapman Ave. in Garden Grove, for $11 million. The property was once a Vons Supermarket. The sellers were a group of five individuals in a tenant-in-common ownership agreement via Sterling Organization’s institutional fund, Sterling Value Add Partners II LP.
Sterling Organization has acquired a total of five properties in California in just over a year, including assets in the Los Angeles, San Diego and San Francisco markets.