OAK BROOK, ILL.â€”Inland Diversified Real Estate Trust Inc. has acquired majority interest in The Crossings at Killingly Commons, a 395,539-sq.-ft. shopping center in Dayville, Conn., through a joint venture of a subsidiary of Inland Diversified and Dayville Unit Investors LLC, an affiliate of the seller. The joint venture valued the property at approximately $60.2 million.
Joe Cosenza, president of Inland Real Estate Acquisitions, Inc., and a vice chairman of The Inland Real Estate Group, Inc., facilitated the transaction on behalf of Inland Diversified.
Completed in 2010, the center is anchored by Loweâ€™s Home Improvement as well as Stop & Shop and T.J. Maxx. Other tenants include, Petco, Hallmark and GameStop, among others.