Sterling Organization acquires premier Austin-area retail center

DALLAS, June 17, 2026 – JLL Capital Markets announced today it arranged the sale and acquisition financing for 1890 Ranch, a 441,620-square-foot retail center located at 1335 E. Whitestone Blvd. in Cedar Park, Texas.

JLL represented the seller, Endeavor, in the transaction. Sterling Organization acquired the asset through a programmatic joint venture with Cohen & Steers Income Opportunities REIT Inc. JLL also worked on behalf of the borrower, Sterling Organization, to secure a fixed-rate, five-year loan through MetLife Investment Management.  

The best-in-class retail destination sits in the rapidly growing northwest Austin suburb along the Whitestone retail corridor, where market fundamentals have driven rental rates 37% higher since 2015 and occupancy has remained above 94% since 2012. The property features quality anchor and shop space represented by an exceptional 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 Homestore and Mardel. The center attracts 9.9 million annual visits, ranking it in the top 1% of shopping centers nationwide. The asset is 99% leased and has maintained occupancy above 98% since 2022.

The property benefits from its irreplaceable location in Cedar Park, one of the fastest-growing cities in the United States, positioned just 20 minutes from downtown Austin. The center sits at the intersection of Highway 183 and E. Whitestone Blvd. with excellent visibility and access to more than 2.5 million residents across the greater Austin metropolitan area. The property serves a vast and growing trade area of 220,379 people within a five-mile radius with an average household income of $166,740 and annual consumer spending power of $13.5 billion.

The JLL Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Barry Brown and Chris Gerard and Director Shea Petrick. Senior Managing Director Chris Drew, Senior Director Michael DiCosimo and Analyst Aaliyah St. Louis led the JLL Debt Advisory team that arranged the acquisition financing.

JLL’s Capital Markets group 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. The group has more than 3,000 Capital Markets 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.

Endeavor Real Estate Group is a vertically integrated commercial real estate investment, development, and operating platform based in Austin, Texas. Its 200+ professionals bring expertise across multifamily, retail, industrial, student living, office, mixed-use, self-storage, hospitality, and land. With in-house capabilities spanning acquisitions, entitlements, development, leasing, asset management, and operations, Endeavor delivers sustainable, high-quality projects that enhance communities and exceed stakeholder expectations. Since 1999, the firm has developed, acquired, and/or is developing more than 29.9 million square feet of commercial real estate; manages 9.4 million square feet; and has 1.1 million square feet under construction. Notable Austin projects include Saltillo, Domain NORTHSIDE, and The Quincy. Endeavor is actively developing in Austin, Houston, Fort Worth, Denver, Salt Lake City, San Diego, and Nashville. For more information, visit endeavor-re.com.Endeavor Real Estate Group is a vertically integrated commercial real estate investment, development, and operating platform based in Austin, Texas. Its 200+ professionals bring expertise across multifamily, retail, industrial, student living, office, mixed-use, self-storage, hospitality, and land. With in-house capabilities spanning acquisitions, entitlements, development, leasing, asset management, and operations, Endeavor delivers sustainable, high-quality projects that enhance communities and exceed stakeholder expectations. Since 1999, the firm has developed, acquired, and/or is developing more than 29.9 million square feet of commercial real estate; manages 9.4 million square feet; and has 1.1 million square feet under construction. Notable Austin projects include Saltillo, Domain NORTHSIDE, and The Quincy. Endeavor is actively developing in Austin, Houston, Fort Worth, Denver, Salt Lake City, San Diego, and Nashville. For more information, visit endeavor-re.com.

Sterling Organization is a vertically integrated private equity real estate investment firm headquartered in West Palm Beach, Florida. Sterling Organization and its affiliates own 77 properties throughout the United States, across various funds and other investment vehicles, encompassing approximately 14 million square feet and exceeding $3 billion in value. Sterling Organization is actively seeking investment opportunities and has over $1 billion of buying power in the aggregate across various investment strategies. For acquisition or disposition inquiries, please contact investments@sterlingorganization.com.

Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.