Invesco Real Estate Acquires Retail Property In Westchester County For $65.5M

The retail property located in Westchester County was sold for a total price of $65,500,000. It spans approximately 128,000 square feet, resulting in a price per square foot of $511. The transaction took place on February 23, 2022, and involved the following parties:

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $65,500,000
• Market: Westchester County

The buyer of the property was Invesco Real Estate, represented by Scott Dennis. On the other hand, the seller was Acadia Realty Trust. David Gavin from CBRE acted as the broker in this transaction, representing the interests of the buyer.

This sale marks a significant deal in the Westchester County retail market, with Invesco Real Estate acquiring the property from Acadia Realty Trust for a substantial amount. The involvement of Scott Dennis from Invesco Real Estate and David Gavin from CBRE showcases the expertise and negotiation skills of these individuals and their respective agencies.