Updated Oct 15, 2026
Cohen & Steers Income Opportunities REIT And Sterling Organization Acquire Manchester Village Retail Center For $32.5M
550 John Ross Parkway
$32,500,000
$199/SF
Building Size
163,326 SF
Asset Type
Retail
Closing
Oct 13, 2026
About this deal
AI
The asset involved in this transaction is a retail center located at 550 John Ross Parkway in Rock Hill, SC. The property spans 21.1 acres and has a total square footage of 163,326. The sale price for this retail center was $32,500,000, translating to a price per square foot of $199.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $32,500,000
- Address: 550 John Ross Parkway
- Market: Rock Hill, SC
- Asset Size: 21.1 acres
- Total Square Footage: 163,326
- Price Per Square Foot: $199
- Buyer: James S. Corl - Cohen & Steers Income Opportunities REIT, Inc.; Brian Kosoy - Sterling Organization
- Seller: Manchester Village SC LLC
The transaction was facilitated by New York-based Cohen & Steers Income Opportunities REIT in a joint venture with Sterling Organization. The acquired retail center is 99% occupied and includes notable tenants such as HomeGoods, T.J. Maxx, Ross Dress for Less, Ulta Beauty, and Five Below.
On the Map
$32,500,000
$199/SF
Retail
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Players
Union Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93