Cohen & Steers Acquires Oracle Crossings Shopping Center
Cohen & Steers Income Opportunities REIT announced its acquisition of Oracle Crossings, a 266,000-square-foot, grocery-anchored open-air shopping center located in the Oro Valley submarket of Tucson, Arizona. The acquisition was completed through CNSREIT's programmatic joint venture with Phillips Edison & Company (PECO). Oracle Crossings is 96% leased and anchored by Sprouts Farmers Market (SFM) and HomeGoods. The center benefits from a highly visible location at the intersection of Oracle Road and Magee Road, which sees 66,000 vehicles per day. The center attracts more than 2.1M annual visitors.
