Cohen & Steers partners with DLC to buy Royal Plaza shopping center in Virginia
CNS•Joint venture acquires Royal Plaza
Cohen & Steers Real Estate Opportunities Fund acquired the Royal Plaza grocery-anchored shopping center via a joint venture with DLC.
The deal targets necessity-based retail exposure in a growing, supply-constrained Washington, D.C. metro submarket.
The property is 92% occupied, anchored by a high-performing Martin’s grocery store, and shadow-anchored by Rural King’s top-performing location.
