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Cohen & Steers Income Opportunities REIT, Inc. Acquires ALDI-Anchored Shopping Center in Bonita Springs, Florida
Cohen & Steers Income Opportunities REIT, Inc. ("CNSREIT") announced today its acquisition of Springs Plaza, a grocery-anchored open-air shopping center in Bonita Springs, Fla. The acquisition was made through a programmatic joint venture with Phillips Edison & Company (NASDAQ: PECO – "PECO"), a publicly-traded owner and operator of grocery-anchored U.S. neighborhood shopping centers. This is CNSREIT's fourth acquisition with PECO and eighth open-air shopping center in the portfolio.
About this update from Cohen & Steers Inc
[{"type":"text","content":"NEW YORK, Dec. 8, 2025 /PRNewswire/ -- Cohen & Steers Income Opportunities REIT, Inc. ("CNSREIT") announced today its acquisition of Springs Plaza, a grocery-anchored open-air shopping center in Bonita Springs, Fla. The acquisition was made through a programmatic joint venture with Phillips Edison & Company (NASDAQ: PECO – "PECO"), a publicly-traded owner and operator of grocery-anchored U.S. neighborhood shopping centers. This is CNSREIT's fourth acquisition with PECO and eighth open-air shopping center in the portfolio.","length":564,"tagName":"p"},{"type":"text","content":"Springs Plaza is a 195,000 square foot grocery center located on the coast of Southwest Florida. It is 99% occupied and includes major tenants such as ALDI, Ross, Ollie's, and Athletica Health & Fitness. The property is located in Bonita Springs, a fast-growing community located between Naples and Fort Meyers with over 1,100 housing units under construction within a five-mile radius of the property. The property has a 3-mile cumulative population growth of 3.8% projected over the next five years. 1","length":511,"tagName":"p"},{"type":"text","content":"James S. Corl, Chief Executive Officer of CNSREIT and Head of the Private Real Estate Group at Cohen & Steers, said: "Springs Plaza is positioned at the busiest intersection in Bonita Springs—at the northern gateway to the Naples area, the destination with the highest median wealth and income in West Florida2. The surrounding retail is almost completely full and there is no new construction underway. This is a great backdrop for growing the cash flow from already high levels and upgrading the tenancy longer term."","length":539,"tagName":"p"},{"type":"text","content":"CNSREIT is acquiring high-quality properties that seek to generate attractive income potential alongside best-in-class operators and has an initial focus on well-anchored, necessity-driven shopping centers. Open-air shopping centers are at their highest occupancy level of the past 16 years at 95.7%3, according to real estate analytics provider CoStar Group.","length":364,"tagName":"p"},{"type":"text","content":"About CNSREIT. Cohen & Steers Income Opportunities REIT, Inc. is a perpetual-life, non-listed REIT formed to invest primarily in high quality, income-focused, stabil...