StreetInsider.com News Articles

Cohen & Steers REIT acquires Arizona shopping center for $266M

Tue, 02 Jun 2026 08:45:20 -0400

Cohen & Steers Income Opportunities REIT, Inc. announced the acquisition of Oracle Crossings, a 266,000-square-foot grocery-anchored shopping center in Oro Valley, Arizona, a submarket of Tucson. The acquisition was completed through the company's programmatic joint venture with Phillips Edison & Company (NASDAQ: PECO).

Oracle Crossings is 96% leased and anchored by Sprouts Farmers Market and HomeGoods. The shopping center is located at the intersection of Oracle Road and Magee Road, which sees 66,000 vehicles per day and attracts more than 2.1 million annual visitors.

The property is situated in Oro Valley, adjacent to Tucson's affluent and growing suburbs. The Tucson metro area

Cohen & Steers REIT acquires Arizona shopping center for $266M

Tue, 02 Jun 2026 08:45:20 -0400

The property is situated in Oro Valley, adjacent to Tucson's affluent and growing suburbs. The Tucson metro area

Cohen & Steers REIT acquires Arizona shopping center for $266M

Tue, 02 Jun 2026 08:45:20 -0400

The property is situated in Oro Valley, adjacent to Tucson's affluent and growing suburbs. The Tucson metro area

Cohen & Steers REIT acquires Arizona shopping center for $266M

Tue, 02 Jun 2026 08:45:20 -0400

The property is situated in Oro Valley, adjacent to Tucson's affluent and growing suburbs. The Tucson metro area

Cohen & Steers REIT acquires Arizona shopping center for $266M

Tue, 02 Jun 2026 08:45:20 -0400

The property is situated in Oro Valley, adjacent to Tucson's affluent and growing suburbs. The Tucson metro area

Cohen & Steers REIT acquires Arizona shopping center for $266M

Tue, 02 Jun 2026 08:45:20 -0400

The property is situated in Oro Valley, adjacent to Tucson's affluent and growing suburbs. The Tucson metro area

Cohen & Steers REIT acquires Arizona shopping center for $266M

Tue, 02 Jun 2026 08:45:20 -0400

The property is situated in Oro Valley, adjacent to Tucson's affluent and growing suburbs. The Tucson metro area

Cohen & Steers REIT acquires Arizona shopping center for $266M

Tue, 02 Jun 2026 08:45:20 -0400

The property is situated in Oro Valley, adjacent to Tucson's affluent and growing suburbs. The Tucson metro area

Cohen & Steers REIT acquires Arizona shopping center for $266M

Tue, 02 Jun 2026 08:45:20 -0400

The property is situated in Oro Valley, adjacent to Tucson's affluent and growing suburbs. The Tucson metro area

Cohen & Steers REIT acquires Arizona shopping center for $266M

Tue, 02 Jun 2026 08:45:20 -0400

The property is situated in Oro Valley, adjacent to Tucson's affluent and growing suburbs. The Tucson metro area

Cohen & Steers Income Opportunities REIT, Inc. Acquires Sprouts-Anchored Shopping Center

Tue, 02 Jun 2026 08:45:00 -0400

NEW YORK, June 2, 2026 /PRNewswire/ -- Cohen & Steers Income Opportunities REIT, Inc. ("CNSREIT") announced today 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 (NASDAQ: PECO – "PECO"), a publicly traded owner and operator of grocery‑anchored U.S. shopping centers.