Sterling Organization buys three Safeway-anchored shopping centers in California and Hawaii

Sterling Organization acquired a three-property grocery-anchored shopping center portfolio totaling 277,057 square feet in California and Hawaii, including Safeway Burlingame, Pleasanton Gateway Shopping Center and Kapahulu Shopping Center. The 99% leased portfolio was bought for Sterling United Properties’ core grocery-anchored shopping center fund series; it is the firm’s first investment in Hawaii.