Premier grocery-anchored center secures $27.9M loan in Bristol

MIAMI, May 18, 2026 –  JLL Capital Markets announced today that it has arranged the $27.9 million financing of Bristol Plaza, a 263,829-square-foot grocery-anchored shopping center located in Bristol, Connecticut.

JLL worked on behalf of the borrower, Sterling Organization, in securing the five-year, fixed-rate loan through Voya.

Bristol Plaza is strategically positioned at 641 Farmington Ave. along Route 6, which carries 23,200 vehicles per day. This prime location offers excellent visibility in one of Bristol's most established retail corridors, serving over 107,000 people with average household incomes exceeding $116,000 within a five-mile radius. The property is located near the global headquarters of ESPN, which employs more than 3,600 people at its Bristol campus.

The shopping center is 93.1% leased and anchored by Stop & Shop and TJ Maxx, which each have a 22- and 31-year operating history at the Property, respectively. Stop & Shop generates more than one million annual visits and ranks as the most visited grocery store within five miles.

Bristol Plaza also features strong junior anchors TJ Maxx and Burlington, which together account for over 40% of the property's gross income. Additional credit tenants include Dollar Tree, Five Below, Webster Bank and Starbucks.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Christopher Drew, Managing Director Henry Schaffer, Senior Director Michael DiCosimo and Analysts Aaliyah St. Louis and Preston Bacon.

"Bristol Plaza represented a unique opportunity for a well-performing grocery-anchored retail center with a robust credit tenant lineup and tangible near-term upside," said Drew.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Sterling Organization is a vertically integrated private equity real estate firm with a national platform focused on investing in retail and distribution assets across the risk spectrum in major U.S. markets. Headquartered in West Palm Beach, Florida, the firm operates offices across the country. Along with its affiliates, Sterling Organization owns 75 properties nationwide, totalling more than 13 million square feet and representing over $3.4 billion in value. The firm is actively pursuing new investments and currently has approximately $1 billion in aggregate buying power across its various strategies.