Sterling Acquires Palm Valley Marketplace in Metro Phoenix for $22.5M

GOODYEAR, ARIZ. — Sterling Organization has acquired Palm Valley Marketplace, a 107,633-square-foot shopping center located roughly 16 miles outside Phoenix in Goodyear.

Safeway anchors the center, which is also home to Subway, H&R Block, Domino’s Pizza, AAA, Great Clips, The UPS Store, Nationwide Vision, GNC, FastFrame, Oreck, Elements Massage and PurTone Hearing Centers. A subsidiary of Regency Centers sold the asset on behalf of Sterling Organization’s institutional core fund, Sterling United Properties I LP.