Sterling Organization Sells Roswell Village Shopping Center for $38.3 Million

Sterling Organization has announced the sale of Roswell Village Shopping Center, located in Roswell, GA (Atlanta MSA), for $38.3 million. The property, anchored by Ross Dress for Less, Marshalls, and Crunch Fitness, was acquired by Sterling in 2014 for $10.55 million. Over the course of Sterling's ownership, the center's occupancy increased significantly from 31% to 94%.

Roswell Village Shopping Center benefits from a robust customer base, with over 71,000 residents within a 3-mile radius earning an average household income of more than $166,000 annually. The location experiences substantial daily traffic with over 82,000 cars passing by.

Sterling Organization, based in West Palm Beach, FL, manages 74 properties, accumulating over 13 million square feet of retail space nationwide. The firm continues to expand its portfolio with over $1 billion in buying power.