Sterling Organization Buys $31M Bristow Shopping Center
Sterling Organization has acquired Braemar Village Center at 12713 Braemar Village Plaza, Bristow, VA.
Valued at $31.4 million, the 111,635-square-foot space in a western suburb of Washington, D.C., boasts a Safeway grocery store as its anchor, alongside notable tenants like Dunkin’ Donuts, Subway, Bank of America, and Arby’s. Additionally, it features over three acres of vacant land, presenting potential for future development or sale of additional outparcel pads.
“We see a multitude of value-add opportunities at this property that our operations team is excited to execute on for our investor partners and the Bristow community,” said Brian Kosoy, principal of Sterling Organization. With real estate holdings over 74 properties across the U.S., Sterling Organization comprises 12.6 million square feet of gross leasable area and over $2.8 billion in real estate value.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.