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Sterling Organization Sells 103,000 SF Shopping Center in San Antonio for $21.9M

Sterling Organization sold Grandview Shopping Center in San Antonio for $21.9 million after purchasing it for $11.1 million in 2012. (Image courtesy of LoopNet Inc.)

Sterling Organization sold Grandview Shopping Center in San Antonio for $21.9 million after purchasing it for $11.1 million in 2012. (Image courtesy of LoopNet Inc.)

SAN ANTONIO — Sterling Organization, a Palm Beach, Fla.-based private equity firm, has sold Grandview Shopping Center, a 103,000-square-foot, grocery-anchored shopping center in San Antonio for $21.9 million. Anchored by Sprouts Farmers Market, the center is located along Interstate 10 at Callaghan Road, just north of the Loop 410 interchange. The company originally acquired the asset in 2012 for roughly $11.1 million. The buyer was not disclosed.

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