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Cohen & Steers Income Opportunities REIT acquires 268K sf shopping center near Charlotte via JV
Cohen & Steers Income Opportunities REIT, Inc.
- Winslow Bay Commons in Mooresville, NC is 268K sq ft, 97% leased, shadow-anchored by Target.
- Tenants include T.J. Maxx, HomeGoods, Dick's Sporting Goods, and Ross Dress for Less.
- Acquisition made through programmatic joint venture with Sterling Organization.
- CEO cites Charlotte's 2% annual population growth vs 0.7% U.S. average as key reason.
- Property is 97% leased; open-air shopping centers at 95.7% occupancy, highest in 16 years.
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