Sterling Organization, through a programmatic joint venture with Cohen & Steers Income Opportunities REIT Inc., has acquired 1890 Ranch, a 441,620-square-foot retail center located at 1335 E. Whitestone Blvd. in Cedar Park, Texas.
The property features quality anchor and shop space represented by a lineup of national retailers, including Academy Sports + Outdoors, Ross Dress for Less, Burlington, PetSmart, Natural Grocers, Cinemark, Crunch Fitness, Office Depot and Dollar Tree, along with shadow anchors Super Target, Hobby Lobby, Ashley Furniture and Mardel. The asset is 99 percent leased and has maintained occupancy above 98 percent since 2022.
Cedar Park is 20 minutes from downtown Austin at the intersection of U.S. Route 183 and E. Whitestone Boulevard, with visibility and access to more than 2.5 million residents across the Austin metropolitan area.
JLL represented the seller, Endeavor, in the transaction. JLL also worked on behalf of the borrower, Sterl
