Key Takeaways
- • Cohen & Steers' Real Estate Opportunities Fund acquired the West Street Shopping Center in Keene, New Hampshire, through a joint venture with DLC, according to an announcement made Tuesday.
- • The property is anchored by Hannaford, a grocery tenant, and includes Hobby Lobby, Maurices, UPS, Spectrum, and AAA among its tenants.
- • The deal adds a grocery-anchored retail asset to the fund's portfolio, with the strategy focused on established markets that have limited competing retail supply.
Summary
Cohen & Steers said on Tuesday that its Real Estate Opportunities Fund has acquired the West Street Shopping Center in Keene, New Hampshire, through a joint venture with DLC, according to the firm's announcement as reported by Seeking Alpha. The source material did not disclose the purchase price or other transaction terms.
The property is anchored by Hannaford, a grocery retailer, which provides the centre's primary draw and supports the grocery-anchored classification the firm highlighted. Additional tenants include Hobby Lobby, Maurices, UPS, Spectrum, and AAA, giving the center a mix of national and regional retail, service, and logistics occupiers.
Cohen & Steers said the acquisition expands the fund's retail holdings with a grocery-anchored property and aligns with its strategy of targeting established markets with limited competing retail supply. The transaction is a joint venture arrangement, a structure that allows the fund to co-invest alongside a local or operating partner in a single asset.
The property is anchored by Hannaford, a grocery retailer, which provides the centre's primary draw and supports the grocery-anchored classification the firm highlighted. Additional tenants include Hobby Lobby, Maurices, UPS, Spectrum, and AAA, giving the center a mix of national and regional retail, service, and logistics occupiers.
Cohen & Steers said the acquisition expands the fund's retail holdings with a grocery-anchored property and aligns with its strategy of targeting established markets with limited competing retail supply. The transaction is a joint venture arrangement, a structure that allows the fund to co-invest alongside a local or operating partner in a single asset.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.