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CORTLANDT, N.Y. — White Plains, N.Y.-based Acadia Realty Trust has purchased Cortlandt Towne Center, a 640,000-square-foot regional shopping center located within the town of Cortlandt in Westchester County. The property was purchased through Acadia Strategic Opportunity Fund III LLC, which is Acadia Realty Trust’s third discretionary investment fund. Anchors at the center include Wal-Mart, A&P Food Market, Marshalls, Barnes & Noble, Regal Entertainment Group and Best Buy. The cost of the all-cash acquisition was $78 million.