Cohen & Steers announced that the Cohen & Steers Real Estate Opportunities Fund has acquired Oak Hill Plaza, a shopping center in Austin. The acquisition was made through a joint venture with Trademark Property Co., a real estate investor, developer and operator with expertise in retail assets in Texas.
Oak Hill Plaza aligns with Cohen & Steers’ investment thesis of acquiring well-occupied, income-generating shopping centers anchored by necessity-based retailers in growing, supply-constrained markets. The center is 92.5 percent occupied and has a diverse tenant roster including Wells Fargo, The Picklr, Pluckers, Dollar Tree and AutoZone.
“In the decades since Oak Hill Plaza was originally built and tenanted, the intersection where it is situated has transformed from an ordinary country road serving a lightly populated, moderate-income area to a critical gateway leading from downtown Austin to some of the most wealthy suburbs in the city,” said James C
