Invesco Real Estate Acquires 122,225-Square-Foot Shopping Center in Metro New York City

by Julia Sanders

Cortlandt Manor, N.Y. — Invesco Real Estate Income Trust Inc. has acquired Cortlandt Crossing, a 122,225-square-foot shopping center located in Cortlandt Manor, about 50 miles from New York City. Anchored by ShopRite and HomeSense, the newly constructed center was 95 percent leased at the time of sale. Invesco acquired the property in conjunction with the purchase of a 95 percent stake in an industrial property near Columbus, Ohio, for a combined price of $94 million. The seller was not disclosed.

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