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Kimco Realty Corp Partner's Interest In Santee Trolley Square In San Diego

Tuesday, 15 Jan 2013 04:01pm EST 

Kimco Realty Corp announced that it has added Santee Trolley Square in suburban San Diego to its consolidated portfolio. The Company acquired its institutional partner's 50% ownership interest based on a gross purchase price of $98 million. The property is encumbered by a $48.5 million mortgage. Santee Trolley Square is a 311,000-square-foot, 98-%-occupied, power center located in Santee, an eastern suburb of San Diego. Built in 2001, the retail center is anchored by several prominent national retailers such as T.J.Maxx, PetSmart, Party City, Bed Bath & Beyond, 24 Hour Fitness, Old Navy and a shadow-anchored Target. 

Company Quote

-0.18 -0.77%
25 Jul 2014