Sterling Organization And Cohen & Steers Income Opportunities REIT Acquire Deer Valley Towne Center For $18.85M

A retail asset, located at 2805 Agua Fria Freeway & 3053 Agua Fria Freeway, has a total square footage of 158,628 and is situated in the Phoenix, AZ market. The acquisition financing for this property amounted to $18,851,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,851,000
• Asset Size: 158,628 SF
• Address: 2805 Agua Fria Freeway & 3053 Agua Fria Freeway
• Market: Phoenix, AZ
• Landlord: Sterling Organization & Cohen & Steers Income Opportunities REIT
• Loan Type: Acquisition

CBRE was instrumental in securing the acquisition financing, with Richard Henry, Brian Linnihan, Michael Bryant, Mike Ryan, and Shaun Moothart representing the broker side of the transaction for Sterling Organization and Cohen & Steers Income Opportunities REIT.