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BAYONNE, NJ-Bayonne Crossing, the356,647-square-foot shopping center opened last year at a highwayinterchange in Bayonne, has been sold to a subsidiary ofInland Diversified Real Estate Trust for $67.9million, plus future earnout payments of up to $7.3 million forvacant spaces leased within the next year, totaling $75.2million.
The shopping center is currently 97% occupied by 22 majortenants, including Walmart and Lowe’s Home Improvement. TheCameron Group, a mixed-use property development,investment and management firm based in Syracuse, NY, sold theproperty.
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