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Retail

Author: Diana Heeb Bivona

Kimco Realty Corp., which owns and operates a portfolio of 1,365 neighborhood and community shopping centers totaling 175 million square feet, just added 12 more through an acquisition from Wall Street Properties Co.

Located in California and Nevada, the 1.1-million-square-foot portfolio sold for $342.9 million. At the time of sale, the entire portfolio was 98.7% occupied. Acquired properties located in Nevada include:

  • D’Andrea Marketplace: Located in Sparks, NV, a 120,000-square-foot neighborhood center.

  • Galena Junction: Located in Reno, NV, a 126,245-square-foot neighborhood center.

  • Sparks Mercantile: Located in Sparks, NV, a 106-510-square-foot neighborhood center.

  • Redfield Promenade: Located in Reno, NV, a 130,054-square-foot community center.


    • This entry was posted on Wednesday, June 13th, 2007 at 11:38 pm and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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