Jordan Fried And Brian Kosoy Of Sterling Organization Acquire Thousand Oaks Shopping Center In San Antonio

The property involved in this transaction is the Thousand Oaks Shopping Center located at 2929 Thousand Oaks Drive in San Antonio, Texas. The asset encompasses 161,819 square feet and is anchored by a 65,000-square-foot H-E-B grocery store. Other notable tenants include Five Below, T-Mobile, and The UPS Store, contributing to the center's presence in a high-income, densely populated trade area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 2929 Thousand Oaks Drive
• Market: San Antonio
• Asset Size: 161,819 square feet
• Buyer: Jordan Fried & Brian Kosoy - Sterling Organization
• Brokers: Jacob Khotoveli - JBL Asset Management; Conor Lalor, Kyle Minter & Eric Williams - Newmark

This transaction was executed on behalf of Sterling Organization's $600 million Sterling Value Add Partners IV fund, highlighting strategic investment in the retail market. The brokers representing the parties included Jacob Khotoveli from JBL Asset Management, as well as Conor Lalor, Kyle Minter, and Eric Williams from Newmark, facilitating the acquisition process.