There were no qualifying investment sales the second quarter of 2012, Reis reports. The rolling 12 month cap rate ended the quarter at 7.1%, based on five deals in the previous three quarters. The largest of those deals was the Bayonne Crossing power center, at 356,901 square feet, which sold in March 2012 for $67.9 million ($190 psf). By itself this deal nearly matched the annual sales total for 2011 and exceeded the total for the prior two years.