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Deals & Dealmakers

New York Life Real Estate Investors inks $120M deal

New York Life Real Estate Investors announced the financing of Port Chester Shopping Center, a 507,000 s/f shopping center, anchored by Whole Foods and Kohl’s, that is located on Boston Post Road in Westchester County.

Photo by Tracy O/Flickr
Photo by Tracy O/Flickr

The 15 year, $120 million loan was made to a joint venture between Depa USA and AVR Realty.

“The Port Chester Shopping Center is a regional community center with a first class tenant mix and unparalleled access and visibility, surrounded by some of the strongest demographics in the nation,” said Eric Becher, senior director of New York Life Real Estate Investors’ New York Regional Office.

“This financing represents an excellent addition to our commercial mortgage portfolio. We are very pleased to expand our relationship with AVR Realty and Depa USA by providing the financing for this quality asset.”

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