WEST PALM BEACH, Fla., July 05, 2022 (GLOBE NEWSWIRE) -- Sterling Organization, a vertically integrated private equity real estate firm whose national platform is focused on investing in LAST HOUR® consumer fulfillment and distribution real estate assets, has announced the acquisition of Plaza Mexico, a 403,242-square-foot grocery and drug-anchored shopping center anchored by a high-performing Food 4 Less (Kroger) and Rite Aid located in Los Angeles, California. The property was acquired on behalf of Sterling's institutional value-add fund, Sterling Value Add Partners III, LP ("SVAP III"), for $164.63 million. Plaza Mexico sits on a 32.82-acre parcel in Lynwood, California.