Oracle Crossings, the Oro Valley shopping center anchored by Sprouts Farmers Market, Kohl’s, and HomeGoods, has been purchased.
New York-based Cohen & Steers Income Opportunities REIT, Inc., paid $53.8 million for the center, owned by Tucson-based Town West Companies since 2018, according to published reports. The acquisition was part of a joint venture with Phillips Edison & Company, an owner and operator of grocery-anchored U.S. shopping centers.
In 2018, Inside Tucson Business reported Town West paid $40.8 million to Weingarten Realty of Houston for Oracle Crossings…