Cohen & Steers and DLC Acquire West Street Shopping Center in New Hampshire
The Cohen & Steers Real Estate Opportunities Fund (REOF) has acquired the West Street Shopping Center in Keene, New Hampshire, through a joint venture with DLC. The grocery-anchored center features a high-performing Hannaford store alongside various necessity-based retailers such as Hobby Lobby and UPS. The acquisition aligns with Cohen & Steers' strategy of targeting income-generating retail centers in established markets with limited competition. Keene serves as a significant regional hub, benefiting from its proximity to the Massachusetts border, where New Hampshire's zero percent sales tax attracts substantial consumer traffic from neighboring states.
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Topics: Investment Fund Real Estate Acquisition Retail Real Estate
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Part of the story DLC Acquires West Street Shopping Center in Keene, New Hampshire (3 articles)