Nuveen acquired a seven-property retail portfolio from Sterling Organization, comprising a total of 956,865 square feet. The portfolio is located across multiple markets including Los Angeles, San Diego, Dallas, Fort Lauderdale, and Minneapolis, with a sale price of $298 million and an average price per square foot of $311. Six of the properties are grocery-anchored, and the portfolio is 96% leased, serving a population of 123,000 residents within a 3-mile radius with an average household income of $147,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $298,000,000
• Buyer: William Huffman - Nuveen
• Seller: Brian Kosoy - Sterling Organization
• Total Square Footage: 956,865
• Average Price per Square Foot: $311
• Market Locations: Los Angeles, San Diego, Dallas, Fort Lauderdale, Minneapolis
• Percentage Leased: 96%

William Huffman represented Nuveen in this acquisition, while Brian Kosoy represented Sterling Organization in the sale. The transaction reflects strategic growth in retail assets across key urban markets positioned to serve affluent communities.