Sterling Organization Acquires Value-Add Retail Center in Metro San Diego for $27 Million

by Alex Tostado

Poway, Calif. — Sterling Organization has acquired Poway Crossings, a 109,455-square-foot, retail center in Poway, for $27 million. Sterling Organization bought the property through its value-add fund, Sterling Value Add Partners III LP. Poway Crossing is located 12622-12654 Poway Road, 20 miles north of downtown San Diego. LA Fitness anchors the property, and other tenants include Dollar Tree, Big 5 Sporting Goods, Massage Envy, Sola Salon Studios, Sushi Lounge, Banfield Pet Hospital and KFC. Gleb Lvovich and Daniel Tyner of HFF represented the undisclosed seller in the transaction.

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