Cohen & Steers Income Opportunities REIT Acquires Grand Canyon Crossing Shopping Center In Phoenix For Undisclosed Amount

The property asset involved in the transaction is a retail shopping center located at 6135 N 35th Ave, Phoenix, AZ. The center encompasses a total area of 207,000 square feet on a 33-acre site. Notably, it is anchored by a Walmart Supercenter and is currently 99% occupied.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Square Footage: 207,000
• Acres: 33
• Buyer: James S. Corl
• Buyer’s Company: Cohen & Steers Income Opportunities REIT, Inc.
• Market: Phoenix, AZ
• Notable Tenants: Harbor Freight, Starbucks, Wendy’s, Jamba, Sonic
• Resident Population Served: Approximately 220,000 within three miles

This transaction was executed through a joint venture with Sterling Organization, highlighting the collaborative nature of the acquisition process. James S. Corl represents Cohen & Steers Income Opportunities REIT, Inc. in this deal.