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Cohen & Steers and DLC Acquire West Street Shopping Center in Keene, New Hampshire

CNS
  • Cohen & Steers (NYSE: CNS) acquired West Street Shopping Center in Keene, New Hampshire via a joint venture with DLC.
  • The acquisition aligns with Cohen & Steers' thesis of purchasing income-generating centers anchored by necessity retailers in markets with limited competition.
  • The grocery-anchored center features a top-performing Hannaford store & a mix of retailers including Hobby Lobby, Maurices, UPS, Spectrum, & AAA.
  • James S. Corl noted Keene's strategic location as a regional hub with highway access & a zero sales tax environment that attracts shoppers from nearby Massachusetts.
  • The property is located 90 miles northwest of Boston in a stable market with a 3-mile median household income of $85,000.
  • Cohen & Steers is a global investment manager specializing in real assets & alternative income founded in 1986.
  • DLC is a vertically integrated owner & operator with over $4.3 billion in assets under management across 90+ properties.
Company
Cohen & Steers, Inc.
Keywords
Cohen & Steers, Inc.