News summary · Press release
Cohen & Steers Income Opportunities REIT, Inc. Acquires Grand Canyon Crossing Shopping Center in Phoenix, Arizona
Cohen & Steers Income Opportunities REIT announced the acquisition of Grand Canyon Crossing in Phoenix through its joint venture with Sterling Organization. The shopping center was reported as 99% occupied and is anchored by a Walmart Supercenter.
The property occupies 33 acres and includes national and regional tenants alongside the anchor. Management emphasized nearby population density and the opportunity to improve the smaller-shop tenant mix to benefit from existing customer traffic. These statements describe the buyer's business plan and underwriting rationale, rather than completed improvements or guaranteed income growth.
Press release: statements in the original item come from the issuing organization and may be promotional.
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