Sterling Organization, a private equity real estate investment firm based in West Palm Beach, Fla., announced it had bought Merchants Walk, a 271,992-square-foot, Whole Foods Market-anchored shopping center in Marietta on Wednesday.
The firm purchased the property for $93.2 million on behalf of its Sterling Value Add Partners IV fund.
The company said the investment was the 10th for Sterling’s $600 million equity institutional value-add fund, Sterling Value Add Partners IV, and its second purchase in the metro Atlanta area…