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WHITE PLAINS, N.Y. — A joint venture between Inland Diversified Real Estate Trust and affiliates of Cappelli Group, acquired the majority interest in City Center Retail, a 381,905-square-foot mixed-use property in White Plains. The sale was valued at approximately $166.4 million. City Center is anchored by ShopRite Supermarkets, Nordstorm Rack and New York Sports Club. The property also contains 24 apartment units. City Center is adjacent to the Ritz-Carlton Hotel and the Trump Tower at City Center. The joint ventures includes 99-year air rights over the apartments and parking garage portion of City Center. Jeff Dunne, Steven Bardsley and David Gavin of CBRE Group represented Cappelli Group in the transaction.