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WATERBURY, CONN. — Cole Real Estate Investments has acquired Naugatuck Valley Shopping Center, a 382,864-square-foot property in Waterbury, for $41 million. The center is situated on 50.5 acres approximately two miles north of Interstate 84. Stop & Shop and Walmart anchor the property. Jim Koury and Coleman Benedict with HFF's Boston retail team represented the seller and also identified the buyer in the transaction.