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July 24, 2019  

Acadia Offers Suburban NY Center

Acadia Realty is marketing a grocery-anchored shopping center in New York’s Westchester County that’s still in its initial lease-up phase.The 119,000-square-foot Cortlandt Crossing, in Mohegan Lake, was largely completed and opened in 2018. Approvals are in place to develop another 8,000 sf on an outparcel. CBRE has the listing.The center, which is 88% occupied, has an estimated value of $65 million, based on annual net operating...

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