Sterling Organization Acquires The Village At Allen Retail Center From DLC Management Corp And American Realty Advisors

The property asset involved in this transaction is a retail center named The Village at Allen, located at 190 East Stacy Road, Allen. The center spans 851,457 square feet and is situated on a 109.5-acre lot. At the time of closing, the property was 89% leased to various tenants including T.J. Maxx, HomeGoods, Best Buy, and Ulta Beauty, and is anchored by a Super Target.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Buyer: Brian Kosoy - Sterling Organization
• Seller: Adam Ifshin - DLC Management Corp
• Seller: Stanley Iezman - American Realty Advisors
• Brokers: Chris Gerard - JLL
• Brokers: Barry Brown - JLL
• Brokers: Erin Lazarus - JLL

This acquisition was facilitated by brokers from JLL, specifically Chris Gerard, Barry Brown, and Erin Lazarus, who played a key role in the transaction. The buyer, Brian Kosoy, is associated with Sterling Organization, while the sellers, Adam Ifshin and Stanley Iezman, are linked to DLC Management Corp and American Realty Advisors, respectively.