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BAYONNE, NJ-Bayonne Crossing, the 356,647-square-foot shopping center opened last year at a highway interchange in Bayonne, has been sold to a subsidiary of Inland Diversified Real Estate Trust for $67.9 million, plus future earnout payments of up to $7.3 million for vacant spaces leased within the next year, totaling $75.2 million.
The shopping center is currently 97% occupied by 22 major tenants, including Walmart and Lowe’s Home Improvement. The Cameron Group, a mixed-use property development, investment and management firm based in Syracuse, NY, sold the property.
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