Sterling Organization Buying Rossmoor Shopping Center In California For $61.1 Million
By Amit Chowdhry ● Apr 10, 2025
Sterling Organization, a private equity retail real estate investment firm, announced the acquisition of Rossmoor Shopping Center, a 118,846-square-foot grocery-anchored shopping center located at 1900-1998 Tice Valley Boulevard in Walnut Creek, California, based within the San Francisco MSA. And the property was acquired on behalf of Sterling Organization's Sterling United Properties II (SUP II), which is a $267 million equity Fund focused on investing in stabilized grocery-anchored shopping centers. With this deal, the fund now owns 17 properties encompassing over 2.1 million square feet of GLA, primarily in major markets across the US.