logo
Plus   Neg
Share
Email
Comment

Kimco Realty Disposes 15 Shopping Centers For $215.4 Mln

Kimco Realty Corp. (KIM) said Wednesday that it completed dispositions of 15 shopping centers for $215.4 million, including the repayment of $83.7 million of mortgage debt, in the first quarter.

The company sold 13 non-strategic properties totaling about 1.2 million square feet for $95.9 million, including repayment of $1.3 million of mortgage debt.

Kimco sold a joint-venture property located in Schaumberg, Ill, in which it had a 45 percent stake, for $118 million , including the repayment of $82.5 million or mortgage debt.

The company also sold another joint-venture property, in which it had a 50 percent interest, for $1.6 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
J.M. Smucker Co. Tuesday announced a voluntary recall of some shipments of dog food, including Gravy Train, Kibbles 'N Bits, Ol' Roy, and Skippy canned/wet dog food, after finding "extremely low levels" of pentobarbital. Pentobarbital is a barbiturate drug that is most commonly used in animals as... Amazon.com Inc. (AMZN) Tuesday announced that its Prime members can earn 5% back on Whole Foods Market purchases when using Amazon Prime Rewards Visa Card. With this latest discount offer, Amazon Prime members who shop using the Amazon Prime Rewards Visa Card now enjoy 5 percent back on Whole Foods... Lucky Charms' new marshmallow - the magical unicorn is ready to attract kids and cereal lovers. This is the first marshmallow to be introduced in the last ten years.
comments powered by Disqus
Follow RTT