Kimco acquires Connecticut retail center for $39.7M
Kimco Realty announced Tuesday the company had acquired a new piece of property in the affluent neighborhood of Wilton, Conn.
The New Hyde Park-based real estate trust purchased the 97,000 square-foot retail center -- called Wilton Campus Shops -- from Kleban Properties for $39.7 million. The deal also includes $20.9 million of mortgage debt.
The retail center is currently 98 percent occupied, with a Stop & Shop on nearly half of the property and more than 20 smaller stores and restaurants taking up the rest of the space.
Get ready for sun and fun with NewsdayTV's summer FunBook special! From celebrating America's 250th birthday to a new ride at Adventureland, NewsdayTV's Elisa DiStefano and Newsday lifestyle editor Meghan Giannotta have your inside look at Newsday's summer FunBook.
Get ready for sun and fun with NewsdayTV's summer FunBook special! From celebrating America's 250th birthday to a new ride at Adventureland, NewsdayTV's Elisa DiStefano and Newsday lifestyle editor Meghan Giannotta have your inside look at Newsday's summer FunBook.
