Invesco Real Estate Income Trust has bought Cortlandt Crossing, a 122,225-square-foot retail center in Westchester County, N.Y., and a 95 percent stake in the 378,283-sf warehouse at 2919-2999 Lewis Centre Way in Grove City, Ohio, for a total of $93 ...
93 percent occupied. The property backs $10.2 million of debt that's securitized through JPMorgan Chase Commercial Mortgage Securities Corp., 2013-C17. The loan has a 4.85 percent coupon and matures in 2023.
Consists of 10 Warehouses
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
