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Chicago & Midwest  + Retail  | 
Sterling Organization Buys Chicago Grocery Store Anchored Plaza

Sterling Organization Buys Chicago Grocery Store Anchored Plaza

Private equity real estate concern Sterling Organization has acquired North Mayfair Commons, a 87,274-square-foot grocery-anchored shopping center located in the North Mayfair neighborhood of Chicago, IL., about eight miles northwest of Chicago’s Loop central business district, according to the Sterling Organization.

 The property was purchased on behalf of Sterling Organization’s institutional grocery-anchored shopping center core fund, Sterling United Properties II, LP for $18.25 million. 

The plaza is anchored by a 65,224-square-foot Jewel Osco grocery store that Sterling Organization says  performs well and that is accompanied by national tenants such as H&R Block and FedEx Kinko’s. 

North Mayfair Commons is the tenth property owned by Sterling Organization’s SUP II Fund, increasing the Fund’s portfolio to approximately 1.2 million square feet. 

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