DLC, Cohen & Steers Acquire Open-Air New Hampshire Center in Off-Market Deal
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- Disclosed retail deal value tracked in November 2026: $3B across 51 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
DLC, an owner and operator of open-air shopping centers, has completed the off-market acquisition of West Street Shopping Center, a 206,319-square-foot grocery-anchored shopping center in Keene, NH, in a joint venture…
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