Cohen & Steers Income Opportunities REIT Acquires Grocery-Anchored Shopping Center in Tucson
Cohen & Steers Income Opportunities REIT, Inc. (CNSREIT) acquired Oracle Crossings, a grocery-anchored shopping center anchored by Sprouts Farmers Market and HomeGoods, through its joint venture with Phillips Edison & Company (NASDAQ: PECO). Located in Tucson's Oro Valley submarket, the 96% leased property is situated near high traffic areas and attracts over 2.1 million annual visitors.
Topics: joint venture real estate acquisition retail property