West Palm Beach, FL, July 12, 2019 (GLOBE NEWSWIRE) -- Sterling Organization, a vertically integrated private equity real estate investment firm, has announced the acquisition of a two-building, high street retail portfolio located along Melrose Avenue in West Hollywood, CA – one of L.A.'s premier retail corridors. The portfolio was purchased on behalf of Sterling Organization's third institutional Value-Add Fund, Sterling Value Add Partners III, LP ("SVAP III"), for $35.0 million.The buildings are both situated at the confluence of Melrose Avenue, Melrose Place and North Orlando Avenue, with a 3,275 sq.