The Tribune

A Bahamas-based financial services provider yesterday announced it had purchased an 189,390 square foot Florida shopping plaza.

Sterling Financial Group, headed by David Kosoy, announced it had acquired the Rolling Acres Plaza, a shopping centre located at 600 North US Highway 441 in The Villages, Lady Lake, Florida.

The seller is a German investment fund advised by Prudential Real Estate Investors, while the buyer is a Sterling Financial Group affiliate.

Rolling Acres Plaza is at the centre of a successful retail concentration serving a regional trade area that includes The Villages, one of the largest and fastest growing retirement communities in the US.

The property was 97.5 per cent occupied at the time of sale, and is anchored TJ Maxx, Ross Dress For Less, Michael’s, Beall’s Outlet, Staples and Petco, as well as by separately owned Target, Walgreens and CVS stores.

Sterling Financial Group is an integrated private equity, real estate investment, development and financial services company based in Nassau.

It has active investments and projects throughout the Caribbean and North America, and is always seeking new investment opportunities.

Its primary investment focus is real estate and related services, as well as mortgage lending. Sterling Financial Group’s management team represents more than 75 years of successful real estate and investment experience.