Business
Sterling Organization Expands Texas Presence With Acquisition of Thousand Oaks Shopping Center in San Antonio
WEST PALM BEACH, FL / ACCESS Newswire / November 3, 2025 /Sterling Organization, a vertically integrated private equity real estate investment firm headquartered in West Palm Beach, Florida, is pleased to announce its acquisition of Thousand Oaks ...
About this update from Five Below, Inc.
[{"type":"text","content":"WEST PALM BEACH, FL / ACCESS Newswire / November 3, 2025 / Sterling Organization, a vertically integrated private equity real estate investment firm headquartered in West Palm Beach, Florida, is pleased to announce its acquisition of Thousand Oaks Shopping Center, located at 2929 Thousand Oaks Drive in San Antonio, Texas. The purchase was made on behalf of Sterling's $600 million institutional value-add fund, Sterling Value Add Partners IV (SVAP IV).","length":458,"tagName":"p"},{"type":"image","alt":"Thousand Oaks Shopping Center","displaySize":"","headline":null,"caption":"Thousand Oaks Shopping Center2929 Thousand Oaks Dr, San Antonio, TX 78247","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1873,"height":1150,"url":"https://media.zenfs.com/en/accesswire.ca/83c6ca1a19ad921d77fe7d1088a67718"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/TP3rGCdlPl8xf7jV46OcMg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU4OTtjZj13ZWJw/https://media.zenfs.com/en/accesswire.ca/83c6ca1a19ad921d77fe7d1088a67718","width":960,"height":589},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/8gmGZBg80QlWvXfwc.PuEw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0xNDc0O2NmPXdlYnA-/https://media.zenfs.com/en/accesswire.ca/83c6ca1a19ad921d77fe7d1088a67718","width":1200,"height":737}}},{"type":"text","content":"Thousand Oaks Shopping Center is a 161,819 square foot shopping center anchored by a 65,000 square foot high-volume H-E-B grocery store. The center is also home to a diverse mix of national and regional retailers, including Five Below, T-Mobile, The UPS Store, Papa John's Pizza, and MedPost Urgent Care. The location benefits from strong traffic counts and close proximity to major highways. More than 87,000 people reside within a 3-mile radius of the property with average household incomes of about $118,000.","length":516,"tagName":"p"},{"type":"text","content":""We are thrilled to add Thousand Oaks Shopping Center to our SVAP IV portfolio. This acquisition adds another quality grocery-anchored asset, in a great market, with immediate actionable value-add opportunities to our growing SVAP IV portfolio of shopping centers. Our team looks forward to executing our business plan as we work to deliver strong returns for our investor partners," said Jordan Fried, Principal at Sterling Organization.","length":448...