JV Headed by Oakbrook’s Inland Diversified Acquires The Crossing at Killingly Commons in Conn.

OAK BROOK, ILL.—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 Lowe’s Home Improvement as well as Stop & Shop and T.J. Maxx. Other tenants include, Petco, Hallmark and GameStop, among others.