The Real Deal - New York Real Estate News

Invesco corrals Cortlandt Crossing for $65M

Posted: 25 Feb 2022 03:22 PM PST

Cortlandt Crossing is changing hands. The ShopRite-anchored shopping center in Westchester County is being sold by the original developer to Invesco Real Estate for $65.5 million, according to the Westchester & Fairfield County Business Journals. Cortland Crossing Owner LLC, an entity of Invesco, agreed to purchase the Mohegan Lake shopping center from Acadia Cortland Crossing LLC, an entity of Acadia Realty Trust, the publication reported. According to CBRE, Cortlandt Crossing is 95 percent leased, anchored