Cohen & Steers And DLC Acquire Open-Air Shopping Center In Fairfax County, VA; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Cohen & Steers, in partnership with DLC, has acquired Springfield Commons, an open-air shopping center in Fairfax County, VA. The center is strategically located near Springfield Town Center and is expected to see increased occupancy soon.
October 30, 2024 | 8:49 pm
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Cohen & Steers, through its Private Real Estate Group, has acquired Springfield Commons in partnership with DLC. This acquisition enhances their real estate portfolio, with the property expected to reach 98% occupancy soon.
The acquisition of Springfield Commons by Cohen & Steers is a strategic move to enhance their real estate portfolio. The property's location and expected high occupancy rate are positive indicators for future revenue, likely boosting investor confidence in CNS.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80