Florida firm acquires Golf Mill property for $60 million
Aug 20, 2014 10:12 AM -
The majority of the Golf Mill Shopping Center property in Niles has been sold to Palm Beach, Florida-based Sterling Organization for $60 million, the company announced Wednesday. The private equity real estate investment firm will acquire 912,382 square feet of the 1.1 million-square-foot shopping center. The property was purchased through the firm's institutional fund Sterling Value Add Partners, LP, for $60 million from the family that originally developed the shopping center over 50 years ago.